Marsh (NYSE: MRSH), the global leader in risk, strategy and people, today announced that it has acquired the remaining 60% stake in Asterra, the Spanish insurance and reinsurance broker that it did not already own. The transaction, which has received all required regulatory approvals, was completed for undisclosed terms.
Founded in 2020, Asterra has established a strong presence in the Spanish market, providing insurance and reinsurance brokerage services as well as specialised risk management solutions. Marsh acquired an initial 40% stake in Asterra in 2021. The acquisition of the remaining shares reinforces Marsh's long-term commitment to Spain and further enhances its ability to deliver specialised risk, insurance and reinsurance solutions to clients.
Following the transaction, Asterra will operate under the Marsh brand. The company, which serves a diversified client base across multiple industries in Spain and internationally, brings more than 200 professionals based in Alicante, Barcelona, Bilbao, the Canary Islands, Madrid, Málaga, Murcia and Valencia, further strengthening Marsh's expertise, expanding its presence across key regions in Spain and enhancing its service offering.
Pablo Trueba, President of Marsh Risk Spain, said:
"As our clients' needs continue to evolve and become increasingly complex, Marsh Spain remains committed to investing in the capabilities and expertise needed to support them. This acquisition marks an important milestone in our strategy, adding new capabilities, expanding our geographic footprint and welcoming Asterra's highly skilled professionals to Marsh. Together, we will further strengthen our ability to deliver comprehensive and innovative risk management, insurance and reinsurance solutions to our clients."
About Marsh
Marsh (NYSE: MRSH) is the world's leading risk advisory, insurance brokerage and reinsurance broker. As part of Marsh McLennan, the company advises clients in 130 countries across the areas of risk, strategy and people. With annual revenue of US$27 billion and more than 95,000 colleagues, Marsh McLennan helps clients build the confidence to thrive through the power of perspective. For more information, visit corporate.marsh.com, or follow Marsh on LinkedIn and X.
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Founded in 2020, Asterra has established a strong presence in the Span...
