April 16 2026
PIB Group Iberia, a global insurance broker, continues to advance its growth strategy across the Iberian Peninsula with the acquisition of AQS Consultores de Seguros and Seguraz - Mediação de Seguros. The two Portuguese brokers that are part of the same group have a strong regional footprint and specialise in corporate insurance solutions.
Phased growth in the region
PIB Group entered the Portuguese market in 2025 with the acquisition of Vitorinos Group and this latest acquisition is part of an expansion phase aligned with the growth plans for the region for 2026.
The acquisition of AQS and Seguraz enables PIB Group Iberia to deepen its reach in key regions and further enhance its capabilities in strategic business lines, particularly in corporate and specialist solutions.
AQS Consultores de Seguros, founded in 2011 and headquartered in Lourosa, has a strong presence across several locations in the country, including Estarreja, Ovar, Santa Maria da Feira, Vale de Cambra, Oliveira de Azeméis and Matosinhos. The company manages a portfolio primarily focused on motor, property and casualty, and workers’ compensation insurance, with a predominantly corporate client base.
Seguraz - Mediação de Seguros, founded in 1997 and based in Oliveira de Azeméis, specialises in trade credit insurance and maintains long-standing relationships with insurers such as Cesce, Allianz and Coface.
Leadership and integration within PIB Group Iberia
Following completion of the transaction, Sérgio Canedo will assume leadership of both businesses within PIB Group Iberia’s structure in Portugal, ensuring continuity for clients and teams, as well as their progressive integration into the Group.
This acquisition is aligned with PIB Group Iberia’s strategy of incorporating insurance brokers with strong local roots, established teams and complementary capabilities, with the objective of further developing a robust and specialised value proposition for its clients across Iberia.
Martín Navaz, CEO of PIB Group Iberia, said: “Portugal is a key market within our M&A strategy. This transaction represents another important step in our expansion across the Iberian Peninsula and strengthens our position in segments where we see significant potential for growth.”
Mauricio Oliveira, General Manager of PIB Group in Portugal, added: “With these additions, we are increasing our territorial reach and strengthening our capabilities in strategic segments, always with the aim of delivering enhanced service and tailored solutions to our clients throughout Portugal.”