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SABSEG, an independent brokerage of reference in Spain and Portugal, takes a decisive step in its international growth with the acquisition of the Italian Asigest Broker. With this operation, the group opens the market in Italy and lays the groundwork to establish itself as one of the most relevant insurance intermediaries in southern Europe.
SABSEG has opened its first office in the Canary Islands, located at 248 León y Castillo Street, third floor, in Las Palmas de Gran Canaria. The new center, which has a team of seven professionals led by Eugenio Fleitas, is part of the group's expansion strategy to strengthen its presence throughout the Iberian Peninsula and consolidate its leadership position in the insurance mediation sector.
Eduardo Dávila is the new President and CEO of SABSEG, set to drive its expansion in Southern Europe with support from Miura Partners. His background strengthens the group’s regional growth strategy.
The double acquisition strengthens Sabseg Spain's presence in Aragon and the Basque Country, consolidating its capacity in specialized sectors and large risks.
SABSEG Group has inaugurated a modern headquarters in Madrid to strengthen its expansion and improve services to its clients. The office is designed for growth, with capacity for more than 150 employees. This move consolidates its leadership in the Spanish and Portuguese markets.
Arrenta, based in Madrid, specializes in insurance in the real estate sector, mainly in rental default insurance which it distributes through real estate agencies and APIs throughout Spain. Following this acquisition, Sabseg Group now comprises a total of nine brokerage firms and agencies in Spain and Portugal, and continues to progress in its consolidation project.
"Sabseg, the leading insurance broker for SMEs in Spain and Portugal, has announced today the acquisition of Sánchez-Valencia, a broker with more than 40 years of experience and a solid reputation in the Spanish insurance market."
"Sabseg, a leading insurance broker for SMEs in Spain and Portugal, has announced today the acquisition of Agrinalcázar, a brokerage with over 15 years of experience and a solid reputation in the Spanish agricultural market."
This acquisition supports the growth strategy and value proposition of SABSEG Group, focused on consolidating leaders by niche specialty and geographic area.
Ignacio Quesada, director of the Mergers and Acquisitions department at SABSEG Group, a leading independent insurance broker in Iberia, has been one of the 40 professionals selected by the jury that issued its verdict a few days ago. The organizers, AJPS and INESE, handed out the awards at an in-person event yesterday, June 19.
Carles Alsina is appointed new CEO in Spain to lead the consolidation project, Juan Ramon Pla, vice president and António Madureira, advisor. Sabseg Group incorporates the brokerage Adell, specialized in the nautical sector, and plans to incorporate four more in the coming months.
Sabseg Seguros is the largest brokerage in Portugal with over 200,000 clients and a special focus on insurance for businesses. Sabseg Group will exceed 500 million in brokered premiums and expects to surpass 60 million in revenue in 2023 on its path to consolidation.
