PIB Group Iberia has acquired the brokerage Fabroker.
The acquisition of Fabroker Insurance Brokerage expands PIB Group Iberia’s presence in Spain and adds Tarragona to the list of 20 cities where it is present with its own offices. It is the 15th brokerage acquired in Spain since PIB entered the Iberian market three years ago.
Fabroker has been in the brokerage business for 35 years, and its specialization has been developing agreements for professional associations and unions, as well as for SMEs and individuals, in areas such as professional liability, mobility and health. It has four offices in Tarragona and Reus.
PIB Group Iberia continues with its territorial expansion plan, which continues to focus on guaranteeing quality service and proximity to the client portfolios of the new brokerages.
Martín Navaz, CEO of PIB Group Iberia, commented: “I am delighted to welcome the Fabroker team, with its first-class professionals and large customer base that will help us to further develop our business strategy and put customers at the center of our decisions.
“In this sense, the 15 brokerages already integrated in our group meet our main objective, which is to develop a large insurance group while maintaining a close service to our customers.”
Onno Janssen, CEO of PIB Group Europe, commented: “I would like to welcome Fabroker as a team of professionals joining our operations in Spain, where we have a strong market acceptance. PIB’s growth in Spain consolidates our international strategy in countries with great future development within the insurance sector.”
