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- The company completes its third merger with five brokers with a strong local presence in Catalonia, Galicia and Andalusia
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- The group continues its growth with new acquisitions and anticipates further operations during 2026.
PIB Group Iberia, global insurance broker and fifth-largest player in the Spanish market, is advancing its consolidation strategy by incorporating 31 businesses, result of 23 merged entities y 8 integrated business units since 2024.
The company has completed its Third merge, integrating five local brokerages into its structure: Blat Insurance and Reinsurance Brokerage, S.L.U, Segurnou Insurance Brokers, S.L.U, Juan Luis Blanco Insurance Brokerage, S.L.U, Manuel Torres Cortegoso Insurance Brokerage and Consultancy, S.L.U y Alba-Vera Insurance Brokers, S.L..
This way, the company consolidates the integration of these brokerages with a presence in Catalonia, Galicia y Andalusia, while expanding its technical capabilities in key sectors such as individuals, companies y Multirisk.
Two new acquisitions in Spain and other operations in anticipation
Meanwhile, PIB Group Iberia has closed in recent weeks the acquisition of SaludCo, brokerage firm in Barcelona specialising in Company health insurance. The company focuses on the mediation and management of collective health insurance, primarily for large companies, working with the main medical insurers in the country.
Among its main products are Health insurance with a medical network and the reimbursement insurance.
On the other hand, the company recently announced the acquisition of Vitaance, one of the most advanced employee wellbeing and benefits technology platforms on the market. The operation reinforces PIB Group Iberia's position in the field of Personal protective equipment, the Flexible remuneration and the Corporate wellness.
Furthermore, the company maintains strong market dynamism and expects to complete new acquisitions during the first quarter of 2026, as part of its growth strategy in the peninsula, applying a differentiated approach in each territory. In Spain, PIB Group Iberia will advance a consolidation process based on highly selective acquisitions and the integration of specialised teams, strengthening its positioning in key market segments. In Portugal, the group projects a clear expansion phase from 2026, aligned with the growth plans foreseen for the region.
Martin Navaz, CEO of PIB Group Iberia, he explains: “With this third merger, we continue to strengthen our consolidation strategy in Spain, working with brokerages that have great local knowledge and highly specialised teams. The integration process allows us to offer our clients a more comprehensive, accessible, and responsive service throughout the territory.”.
“It might seem like mergers and acquisitions at PIB Group Iberia have become commonplace, but the truth is that the pace of growth we are achieving in Spain and Portugal is truly extraordinary.”, add Onno Janssen, CEO of PIB Group in Europe.
About PIB Group
PIB Group It is an independent, dynamic, and diversified specialist insurance broker. Established in 2015, PIB Group has since grown rapidly and consolidatedly through acquisitions, organic growth, and 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, Spain, Portugal, Germany, Italy, Poland, the Netherlands, Denmark, Romania, France and Israel. In these countries, it already has more than 6 billion euros in premiums under management and more than 4,000 employees.
