- With this operation, the company reaffirms its commitment to the Spanish market and will continue with 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 450 million euros in premiums and other products under management during the last year.
PIB Group Iberia, the Spanish subsidiary of the insurance broker of English origin, has completed the merger process of 14 of the 25 insurance brokerages acquired in Spain since its arrival in 2021. Specifically, among the brokerages merged with PIB Group Iberia, formerly Confide, are Cicor, ICCURIS, Grupo VG, Tractio (Tractio Risk Correduría de seguros and Tractio Risk Solutions), Campos y Rial, Engloba, Cicor Global Marine, Privat Asesoramiento, Instituto de desarrollo asegurador, Lansegur, Noceda and Aguirre Vila-Coro.
This is a strategic commitment to the Spanish market, which is key to the company's development. Thanks to the merger of these brokerages, PIB Group Iberia expands its offer, specialising and diversifying the range of services offered to its customers.
Through this merger, PIB Group Iberia will implement a single operating model that will improve efficiency, thereby reducing costs and increasing capacity to invest in today's new challenges related to compliance, digital, innovation and AI.
“With this operation, we are not only expanding our catalogue of services to offer our clients, but we are also adding more resources and positioning ourselves more strongly in the market.”explains Martin Navaz, CEO of PIB Group Iberia. Furthermore, Navaz points out that “Our way of working is always to respect teams to the fullest: we don't integrate brokerage firms, we integrate entire teams of people who help us face the numerous challenges of the present and the future.”.
For his part, the CEO of PIB Group Europe, Onno Janssen, has pointed out that “We are very satisfied with the evolution of the Spanish market. The reception has been very positive and the strategic plans we have for the coming months are along the same lines.”.
PIB Group Iberia, with a presence in 15 cities and more than 450M euros in premiums under management.
PIB Group Iberia has a presence in 15 cities in Spain, covering the provinces of A Coruña, Barcelona, Castellón, Córdoba, Lleida, Lugo, Madrid, Ourense, Pontevedra, Tarragona, Valencia, Vizcaya, and Zaragoza.
450 million in premiums and other products, consolidating its position in the market and reinforcing its commitment to excellence and customer service.
About PIB Group
PIB Group is an independent, dynamic and diversified specialist insurance broker that is experiencing rapid acquisitive and organic growth, with the integration of leading professionals. Formed in 2015, PIB Group has since grown rapidly through acquisitions, organic growth, as well as through the recruitment of outstanding professionals with extensive knowledge and experience in the insurance market.
PIB Group offers a wide range of equipment, products and specialised services and is present in the UK, Ireland, Germany, Poland, Denmark, Spain, Italy, Israel, the Netherlands and Romania. In these countries, it already has more than EUR 3 billion in premiums under management and more than 3,800 employees.
