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- PIB Group Iberia has carried out an acquisition process of 4 brokerages in Spain, located in Catalonia and Andalusia.
Specifically, the acquisition of SegreSegur, a brokerage located in the Lleida area of Catalonia and specialising in the agricultural sector, as well as working in multi-risk insurance for companies and individuals; Blat Seguros, located in the province of Barcelona and also specialising in reinsurance for the first sector; Segurnou, located in the area of Reus (Tarragona), is one of the main brokers 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 great specialisation in the agricultural sector, we reinforce our commitment to offering solutions tailored to the needs of businesses and individuals throughout Spain.”explains Martin Navaz, CEO of PIB Group Iberia.
400 people in 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, as well as 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 PIB Group Europe, states that “We are delighted to continue strengthening our presence in the Spanish market. The incorporation of these brokerages reflects our ambition to become a leading insurer in Europe, adapting to local needs without losing sight of our global vision.”.
