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.
Sabseg Group, a leading independent broker in the Iberian Peninsula, specialist in business insurance, strengthens its project with the incorporation of the brokerage Poolsegur, specialized in the art and high net worth sector, ICBA España focused on international credit insurance, and Carantia, with a strong presence in companies, construction, cybersecurity, and energy, all located in Madrid.
The integration of Poolsegur, ICBA España, and Carantia comes to strengthen the group's structure and its growth plan in the Iberian Peninsula, diversify its insurance portfolio with more specialties, and reinforce its leadership in business insurance. After the latest acquisitions, Sabseg Group has eight brokerages, including the recent addition of Adell, a leader in the nautical sector.
Poolsegur, founded by Rafael de la Hera in 2004, stands out for its deep market knowledge and its strong specialty and leadership in managing insurance for works of art and high net worth as well as providing services for business insurance programs. In the words of Rafael de la Hera, partner of Poolsegur: “Being part of Sabseg Group means being able to continue being the leading broker in art insurance, maintaining commercial autonomy while feeling supported in the next phase of organic and inorganic growth.”
ICBA España, founded by Richard Pickers in 1982, is the brokerage representing the Iberian Peninsula of the leading international network in credit insurance and other insurance for companies with the same name: International Credit Brokers Alliance (ICBA). Present in more than 50 countries, its members are able to offer global coverage to their clients while providing a local service. In the words of Richard Pickers: “The most important contribution of ICBA España to the Sabseg group is our international network of brokers distributed across the main countries of the world, which elevates us to an international dimension in the available offer for our clients.”
Carantia, led by Jesús Rodríguez, Victoria Hidalgo, and Juan del Pozo, founded in 2000, has great prestige in the insurance sector providing SMEs with 360º coverage and specialized service to property managers.Jesús Rodríguez, manager of Carantia, highlights that: “Joining a project like Sabseg Group allows us to provide our clients with an even more comprehensive and competitive service.”
These transactions were advised by XP Advisory, Mesana Corporation, and Gruup Mergers (M&A); KPMG and ILV Silver (financial due diligence), RCD (legal due diligence), and Miralles & Serra (operational and commercial due diligence).
Carles Alsina, CEO of Sabseg Group, highlights that: "with the incorporation of Poolsegur, ICBA España and Carantia, we make an important leap in our presence in Madrid and incorporate new partners into our group who share values and a common project vision.”
Sabseg Group aims to maintain its leadership as the 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 digitalization of processes to reinforce customer service by centralizing key corporate areas such as finance and talent management.
The group expects to exceed 500 million euros in premiums this year 2023, achieve a consolidated EBITDA of more than 20 million, and have commissions exceeding 70 million, with a workforce of 450 employees by the end of the year.
The group's differential strategy is based on the fundamental role of the partners of the incorporated brokerages, who are offered technological, financial, and human resources support, as well as a greater diversity of products so they can continue maintaining a close relationship and local service with their clients. At the same time, they have a wide range of innovative product and service solutions that are currently only available to large companies.