- This operation strengthens the company’s position in the Spanish market and its growth plans.
- PIB Group Iberia, taking into account all its active operations in different phases, is the 5th largest company in the sector, with more than 450 employees and more than 500 million euros in premiums managed during the last year.
PIB Group Iberia, a global insurance broker, has completed the merger process of five of the insurance brokerages acquired during 2024, out of the total of 21 acquired in Spain since its arrival in 2021. The merged brokerages include Javier Sánchez Consultores, Fabroker, Moné Seguros, Sare (and Sarelan).
This is a strategic move for the company in the Spanish market, which is one of its main drivers of growth globally. With this merger, the brokerages, which were already part of the group, will find it easier to offer the best insurance services and solutions to their clients.
PIB Group Iberia continues to deploy the single operating model initiated during 2024 for all acquired and merged companies. This is intended to optimize efficiency in their operations and to allocate resources to innovation and the deployment of new marketing channels.
“This merger marks a new milestone in the integration of the group’s brokerages, allowing us to optimize resources, consolidate our teams and strengthen our competitiveness in the face of future challenges,” says Martín Navaz, CEO of PIB Group Iberia. Navaz also comments that “this is a start to 2025 with good prospects for PIB Group Iberia. We will continue to incorporate and integrate brokerages into the group with the prospect of increasing the team by more than 200 people.”
PIB Group Iberia, with presence in 15 cities and more than 500M euros in premiums under management.
PIB Group Iberia is present in 15 cities in Spain, covering the provinces of A Coruña, Barcelona, Castellón, Córdoba, Lleida, Lugo, Madrid, Ourense, Pontevedra, Seville, Tarragona, Valencia, Vizcaya and Zaragoza.
In addition, during 2024, the company managed more than 500 million euros in premiums, with organic growth at almost double-digit rates, consolidating its position in the market and thus reinforcing its commitment to excellence and customer service.
The outlook for 2025 is to consolidate PIB Group Iberia’s project in the market, maintaining the pace of organic growth and executing the various active integration operations, with which it will consolidate its presence in the areas of Andalusia, Cantabria, Galicia and Madrid. In addition to preparing its deployment in Portugal.
About PIB Group.
PIB Group is an independent, dynamic and diversified specialist insurance broker. Incorporated in 2015, PIB Group has since grown rapidly through acquisitions, by organic growth itself, as well as by recruiting outstanding professionals with a wealth of knowledge and experience in the insurance market.
PIB Group offers a wide range of equipment, products and specialized services, and is present in the United Kingdom, Ireland, Germany, Poland, Denmark, Spain, Italy, Israel, the Netherlands, Romania and France. In these countries, it already has more than 6 billion euros in premiums under management and more than 4,000 employees.
