"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."
Agrinalcázar, specialized in the protection of agricultural risks, strengthens Sabseg's strategy in the agricultural sector, reinforcing its leadership position in the sector. With a 98% of its activity focused on this sector, the brokerage manages more than 22 million euros in premiums and serves 1,448 clients. Its specialized technical advice on complex agricultural risks and risk mitigation allows it to offer personalized solutions that protect both crops and the agricultural activities of its clients.
Founded in 2019 by Jesús Molina Saorín and Gema Alcázar Egido, Agrinalcázar has established itself as one of the leading agricultural insurance brokerages in the Region of Murcia. In addition to its expertise in agricultural risks, the brokerage offers a wide range of insurance products, including multi-risk, savings and pensions, life and health insurance, home, auto, and accident insurance.
“From the beginning, our priority has been to offer solid solutions tailored to the needs of the agricultural sector. We have complete confidence in Sabseg's project, as we have found in them the ideal partner to realize our growth plans and ensure the continuity of our business while maintaining our commitment to clients and the sector,” says Antonio Jesús Molina, founder of Agrinalcázar and now Partner of Sabseg.
With this alliance, Sabseg continues to advance in its strategy of expansion and consolidation in the insurance sector in Spain and Portugal. “This acquisition reinforces our presence in the agricultural sector and represents a key step in our growth strategy. The incorporation of Agrinalcázar fits perfectly into Sabseg due to its solid experience and specialization as well as the exceptional human quality of its founders,” comments Ignacio Quesada, M&A director of Sabseg.
In addition, the operation has been carried out with the support of XP Advisory and Mesana Corporate Advisory as M&A advisors for Sabseg, as well as ILV Silver, RCD, and Miralles & Serra as financial, legal, and operational advisors of the company. On the part of Agrinalcázar, the legal advice has been handled by Garrigues and the financial advice by Gestión Empresarial.
Sabseg is the leading independent broker in Iberia that incorporates insurance brokerages specialized in different niches and geographies, with a high specialization in corporate insurance. It is a reference in sectors such as agriculture, credit and surety, international credit, nautical, private clients, art, and general insurance. The commitment to technology and the digitalization of processes strengthens its customer service, centralizing key functions such as finance and talent management. The group's strategy is based on supporting the partners of the integrated brokerages, offering them technological, financial, and human resources to maintain a close relationship with their clients, along with access to innovative solutions. Sabseg closed 2023 with over 500 million euros in premiums, serves 200,000 clients, and has 450 employees, 45 offices, and more than 2,000 agents.
For more information about SABSEG Group:
Morillas Brand Reputation
Alba Deulofeu - alba.deulofeu@morillas.com
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