December 23 2025
PIB Group Iberia, a global insurance broker and the fifth largest in the Spanish market, has continued to advance its consolidation strategy with the incorporation of 31 businesses, comprising 23 merged entities and eight integrated business units since 2024.
The team in Iberia have completed a third merger, integrating five brokerage firms with strong local presence into its structure:
Blat Corredoria D’Assegurances i Reassegurances, S.L.U; Segurnou Correduría D’Assegurances, S.L.U; Juan Luis Blanco Correduría de Seguros, S.L.U; Manuel Torres Cortegoso Correduría Asesoría de Seguros, S.L.U and Alba-Vera Correduría de Seguros, S.L.
This consolidation enhances the integration of these brokerages, located in Catalonia, Galicia and Andalusia, while also expanding the Group’s technical capabilities across key business lines including personal lines, commercial insurance and multi-risk.
Two new acquisitions in Spain and additional operations in the pipeline
In recent weeks, PIB Group Iberia has completed the acquisition of SaludCo, a Barcelona-based brokerage specialised in corporate health insurance. The business focuses on broking and managing group health insurance for large corporates and works with the leading medical insurers in Spain. Its flagship solutions include medical network health insurance and reimbursement-based plans.
PIB Group Iberia also announced the acquisition of Vitaance in October, one of the most advanced technology platforms for employee wellbeing and financial benefits in the market. This acquisition strengthens PIB Group Iberia’s position in personal protection, flexible compensation and corporate wellbeing.
In addition, PIB Iberia continues to operate with strong momentum and expects to complete further acquisitions during the first quarter of 2026 as part of its growth strategy in the Iberian Peninsula, applying a differentiated approach in each territory.
In Spain, PIB Iberia will continue a consolidation path based on highly selective acquisitions and the integration of specialised teams, reinforcing its position in key market segments. In Portugal, the Group is preparing for a clear expansion phase beginning in 2026, aligned with the growth plans projected for the region.
Martín Navaz, CEO of PIB Group Iberia, said: “With this third merger we continue to strengthen our consolidation strategy in Spain, bringing together brokerages with deep local expertise and highly specialised teams. The integration process enables us to offer our clients a more comprehensive, closer and more responsive service across the country”.
Onno Janssen, CEO of PIB Group Europe, said: “It might seem that acquisitions and mergers have become routine for PIB Group Iberia, but in reality, the pace at which we are growing in Spain and Portugal is truly remarkable."