PIB Group Iberia, a global insurance broker backed by Apax Partners and Carlyle, continues to advance its growth strategy in the Iberian Peninsula with the acquisition of AQS Consultores de Seguros and Seguraz – Mediação de Seguros, two Portuguese insurance intermediaries from the same group with a strong regional presence and expertise in corporate insurance.
With this transaction, the group adds around 23 professionals and strengthens its footprint in northern and central Portugal. The acquisition also reinforces Portugal’s role as one of the group’s priority markets, where PIB Group Iberia continues to identify inorganic growth opportunities aligned with its model.
“Portugal is a key market within our M&A strategy. This is another important step in our expansion across the Iberian Peninsula,” said Martín Navaz, CEO of PIB Group Iberia.
Mauricio Oliveira, General Manager of PIB Group in Portugal, commented: “With these additions we are increasing our territorial coverage and strengthening our capabilities in strategic segments, always with the aim of providing better service to our clients.”
Strengthening territorial presence in Portugal
AQS Consultores de Seguros, founded in 2011 and headquartered in Louros, 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 mainly focused on motor, multi-risk, and workers’ compensation insurance, with a predominantly corporate client base.
Meanwhile, Seguraz – Mediação de Seguros, founded in 1997 and based in Oliveira de Azeméis, specializes in credit insurance and maintains well-established relationships with insurers such as Cesce, Allianz, and Coface.
Sérgio Canedo takes leadership of the companies
Following the acquisition, Sérgio Canedo will assume leadership of the companies within PIB Group’s structure in Portugal, ensuring business continuity and a gradual integration into the group.
This transaction is part of PIB Group Iberia’s strategy to acquire insurance intermediaries with strong local roots, established teams, and complementary capabilities, with the aim of further developing a stronger and more specialized value proposition for its clients.
About PIB Group
PIB Group is an independent, dynamic, and diversified specialist insurance broker. Established in 2015, PIB Group has grown rapidly through acquisitions, organic growth, and by hiring leading professionals with deep knowledge and experience in the insurance market.
PIB Group offers a broad range of specialist 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, it manages over €6 billion in premiums and employs more than 4,000 people
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