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.
Sabseg Group, the consolidation project of insurance brokers from Miura Partners, has reached an agreement with the Portuguese leader Sabseg Seguros (Sabseg) to join the group. With this partnership, Sabseg Group – until now Brokers & Partners – consolidates as the leading independent broker in the Iberian Peninsula with a strong specialization in insurance for companies.
Sabseg Seguros is the largest insurance broker in Portugal. Headquartered in Lisbon and founded in 1999, the company has a wide presence in 35 localities across the country and offices in Brazil, Angola, and Mozambique. Sabseg employs 285 workers, generates over 350 million in premiums annually, and offers comprehensive coverage to more than 200,000 individual and corporate clients.
The management team, led by its president Miguel Machado, will continue to lead the project in Portugal and Lusophone countries.
This latest partnership marks the strong pace of consolidation of the group. Sabseg Group expects to exceed 500 million euros in premiums, achieve a consolidated EBITDA of over 20 million, and commissions exceeding 60 million by the end of the year. In addition to Sabseg, the group includes Banasegur, Ores & Bryan, and Brokers Consultores, with wide geographic representation in Spain and strong specialization in credit and surety, as well as corporate, multi-risk, health, D&O, agricultural and cybersecurity insurance.
In the coming months, Sabseg Group plans to close agreements to integrate five more brokers. The upcoming incorporations are part of the long-term vision to become the leading independent broker in Southern Europe, capable of offering its clients the best coverage available in the market.
The transaction has been advised by Clearwater (M&A), EY, RRP (Due Diligence and Legal), Roland Berger, and Miralles y Serra (DD Commercial). It is also pending approval by the insurance regulatory authority in Portugal.
Sabseg Group (formerly Brokers & Partners) aims to be the leading independent broker in Iberia, incorporating leading insurance brokerages in their niche and/or geography with a high specialization in companies. The project clearly bets on technology and the digitization of processes to strengthen customer service by centralizing key corporate areas such as finance and talent management.
The group's differential strategy is based on the fundamental role of the partners of the incorporated brokerages, to whom technological, financial, human resources support, and greater product diversity are offered so that they continue to maintain a close relationship and local service with their clients. At the same time, they have access to a wide range of innovative product and service solutions that are currently only available to large companies.
Sabseg is a leading insurance brokerage in Portugal. Founded in 1999 and based in Lisbon, the company has a wide presence in 35 locations across the country and offices in Brazil, Angola, and Mozambique. Sabseg employs 285 workers, generates more than 350 million in premiums annually, and offers comprehensive coverage to over 200,000 individual and corporate clients.