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.
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.
The double acquisition strengthens Sabseg Spain's presence in Aragon and the Basque Country, consolidating its capacity in specialized sectors and large risks.
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.
The double acquisition strengthens Sabseg España's presence in Aragón and the Basque Country, consolidating its capability in specialized sectors and large risks.
This increase will allow Sabseg to establish itself as the Iberian benchmark in the SME segment. The company has introduced an innovative D&O product in collaboration with Hiscox.
All of them based in Madrid, Poolsegur specializes in the art and large estates sector, ICBA España in international credit insurance, and Carantia in business insurance (construction, cybersecurity, and energy). Following these additions, Sabseg Group now has a total of eight brokerage firms in Spain and Portugal, and continues to advance in its consolidation project.
The launch of their new website unifies the digital presence of the group and represents the first step in their digital expansion. The new brand image, closer and more dynamic, is more inclusive of the Partners from the different acquired brokerages and the group’s clients.
The group held its Annual Convention on May 31 in Malaga under the slogan 'equipo de líderes' (team of leaders). Nearly 250 attendees participated with the aim of strengthening the group's commercial force and setting the strategic lines for the coming months for the entire team in Spain. One of the main challenges for this year is to reach €600 million in brokered premiums.