PIB Group Iberia has carried out a process of acquisition of 4 brokerages in Spain, located in Catalonia and Andalusia.
Specifically, the acquisition of SegreSegur, a brokerage located in the area of Lleida in Catalonia and specialized in the agricultural sector, in addition to working also in multi-risk insurance for companies and individuals; Blat Seguros, located in the province of Barcelona and also specialized in reinsurance for the first sector; Segurnou, located in the area of Reus (Tarragona), being one of the main brokerages in the province, offering comprehensive services to both individuals and companies for more than 30 years; and finally Fenix Broker, an important acquisition in the city of Seville and working with both companies and individuals.
“These acquisitions are a strategic step that allows us to expand our presence in key markets and diversify our offering. By integrating brokerages with a strong specialization in the agricultural sector, we reinforce our commitment to offer solutions tailored to the needs of companies and individuals throughout Spain”, explains Martín Navaz, CEO of PIB Group Iberia”.
400 people on the team, and 450M€ in premiums under management
This is a strategic move for PIB Group Iberia, which now has 400 people in its team, allowing it to enter the agricultural sector in which it did not operate before, in addition to starting its activity for the first time in the province of Seville.
With the acquisition of these four brokerages, PIB Group Iberia now manages more than 450 million euros in premiums, reinforcing its position as the fifth largest insurance brokerage group in Spain.
Onno Janssen, CEO of PIB Group Europe, says, “We are delighted to further strengthen our presence in the Spanish market. The addition of these brokerages reflects our ambition to become a leading insurer in Europe, adapting to local needs without losing sight of our global vision,” he says.
