PIB Group Iberia, a global insurance broker and the fifth-largest operator in the Spanish market, is advancing its consolidation strategy by incorporating 31 businesses, resulting from the merger of 23 entities and the integration of 8 business units since 2024.
The company has completed its third merger, integrating into its structure five brokerages with strong local roots: 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. In this way, the company consolidates the integration of these brokerages, which are present in Catalonia, Galicia and Andalusia, while expanding its technical capabilities in key lines such as personal insurance, corporate insurance and multi-risk coverage.
Two new acquisitions in Spain and further transactions in the pipeline
In parallel, PIB Group Iberia has completed in recent weeks the acquisition of SaludCo, a Barcelona-based brokerage specialising in corporate health insurance. The company focuses on the intermediation and management of group health insurance, mainly for large companies, working with the country’s leading medical insurers. Its main products include health insurance with medical networks and reimbursement policies.
In addition, the company recently announced the acquisition of Vitaance, one of the most advanced employee wellbeing and benefits technology platforms on the market. The transaction strengthens PIB Group Iberia’s position in the areas of personal protection, flexible compensation and corporate wellbeing.
Furthermore, the company continues to show strong market momentum and expects to complete additional 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 Group Iberia will continue a consolidation process based on highly selective acquisitions and the integration of specialised teams, strengthening its positioning in key market segments. In Portugal, the group plans a clear expansion phase starting in 2026, in line with the growth plans envisaged for the region.
Martín Navaz, CEO of PIB Group Iberia, explains: “With this third merger, we continue to strengthen our consolidation strategy in Spain, relying on brokerages with strong local knowledge and highly specialised teams. The integration process allows us to offer our clients a more comprehensive and closer value proposition, with greater responsiveness across the entire territory.”
“It may seem that acquisitions and mergers at PIB Group Iberia have become commonplace, but the truth is that the pace of growth we are achieving in Spain and Portugal is truly extraordinary,” adds Onno Janssen, CEO of PIB Group in Europe.
About PIB Group
PIB Group is an independent, specialist, dynamic and diversified insurance broker. Founded in 2015, PIB Group has since grown rapidly and in a consolidated manner through acquisitions, organic growth, and the recruitment of outstanding professionals with extensive knowledge and experience in the insurance market. PIB Group offers a wide range of specialised teams, products and services, and is present in the United Kingdom, Ireland, Spain, Portugal, Germany, Italy, Poland, the Netherlands, Denmark, Romania, France and Israel. Across these countries, the group manages more than €6 billion in premiums and employs over 4,000 people. For more information, visit https://www.pibgroupiberia.com
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