Miura Partners appoints Eduardo Dávila as President and CEO of SABSEG to accelerate its growth in Southern Europe.

Eduardo Dávila, Operating Partner at Miura Partners (Miura) and Senior Advisor at McKinsey&Co, has been appointed President and CEO of SABSEG to drive growth and consolidation of the insurance brokerage market in southern Europe.

Dávila's more than 20 years of experience as a top executive leading change in culturally diverse contexts and his deep knowledge of the insurance industry make him the ideal profile to lead this expansion project.

Currently, SABSEG is the leading independent insurance broker in the Iberian Peninsula, made up of specialized brokerages in business niches, 22 to date. This strengthening in the management will allow Sabseg to continue growing in Spain and Portugal, as well as begin to consolidate market presence in other geographies in southern Europe.

Miguel Machado will continue to be the President and CEO of Sabseg Portugal and Carles Alsina, until now the CEO of Sabseg Spain, will rejoin Miura as Operating Partner after a phase of gradual and orderly transition. During his time at the helm of SABSEG, the group has consolidated its presence in Spain and Portugal, reaching €650 million in premiums and 710 employees.

Eduardo Dávila, President and CEO of SABSEG:

"It is an honor to join Sabseg at such an exciting time for the company. With the strategic vision of Miura Partners, we are in an optimal position to accelerate our growth and strengthen our presence in southern Europe. Our goal, with humility and firm determination, is to create the leading insurance broker in our sector without losing our identity and commitment to the local and nearby, where the best talent wants to join to develop both professionally and personally.”

Juan Leach, Founding Partner of Miura Partners:

"At Miura, we are committed to supporting exceptional companies like SABSEG in their growth and international expansion. Eduardo's appointment makes perfect sense given his background, vision, and essential capabilities to undertake the new phase of growth and consolidation in the insurance market. At the same time, I extend our appreciation for the work of Carles Alsina, who has laid essential operational foundations for the project.”

About Eduardo Dávila

Eduardo has more than 20 years of experience leading change in different contexts and in culturally diverse environments. Complementary to his appointment as Executive Chairman of Sabseg, he currently serves as Operating Partner at Miura Partners for the Business Services sector and as Senior Advisor in the Global Insurance practice at McKinsey&Co.

In addition to his deep knowledge of the insurance industry, Eduardo is a global leader who brings his contagious ability to mobilize and grow both the business and the people. Eduardo has distinguished himself as a human and authentic leader convinced that people and the human factor are key to success always putting them first.

In recent years, he has been part of Aon's Global Executive Committee as CEO of EMEA, as well as co-Chair of its Global Inclusion Leadership Council. As CEO of EMEA, he has led a complex region made up of over 40 countries, 15,000 people, and $3 billion in revenues.

About SABSEG

SABSEG, an independent leader in Iberia, integrates specialized brokerages in business insurance and niches such as agriculture, credit and surety, nautical, shows, and art. Its focus on technology and digitalization optimizes financial and talent management, improving customer service. The group's strategy supports its partners with technological, financial, and human resources to strengthen their relationship with clients and offer innovative solutions.

SABSEG manages over €650 million in premiums and has 310,000 clients, 710 employees, 56 offices, and 2,000 agents.

About Miura Partners

Miura Partners is a Private Equity firm with a purpose to develop enduring companies. With offices in Barcelona and Madrid, Miura invests in small and medium-sized family-owned and entrepreneurial companies in Southern Europe, supporting them in their attractive growth plans and providing a clear focus on sustainability and innovation through its strategies of Buy-outs, Impact, and Long-term Capital.

Since 2008, Miura Partners has invested in more than 80 companies, accumulating a total value of transactions of over €4bn and currently manages more than €1.5bn in assets