SABSEG Acquires Italian Insurance Firm Asigest Broker
Deal News | Jul 16, 2025 | Miura Partners
In a strategic move, SABSEG, an independent insurance broker from Spain and Portugal, has acquired Asigest Broker, an Italian insurance firm. This acquisition aligns with SABSEG's ambition to become a leading insurance intermediary in Southern Europe. Asigest Broker, founded in 1992 and based in Biella, Italy, is experienced in handling industrial risks and has a significant client portfolio. The deal is part of SABSEG's broader plan to consolidate its presence in Italy, subsequently expanding its network and improving services through new brokerages and talents. The existing leadership team led by Alessandro Griffith will continue to manage Asigest Broker. The advisory firms involved in this transaction included Mesana, XP Advisory, and others. SABSEG has made its mark as a prominent broker in Iberia, handling over €600 million in premiums and serving 200,000 clients. Asigest Broker has been a key player in the Italian insurance market for over 30 years, affiliated with significant international networks and associations.
Sectors
- Insurance
- Mergers and Acquisitions
Geography
- Italy – The acquisition of Asigest Broker marks SABSEG's entry into the Italian insurance market.
- Spain and Portugal – SABSEG is an established broker in these countries, with plans to expand influence into Southern Europe.
Industry
- Insurance – The article discusses the acquisition of an insurance brokerage, highlighting strategic growth within the insurance sector.
- Mergers and Acquisitions – The acquisition of Asigest Broker by SABSEG is a key transaction in the M&A space, reflecting strategic expansion plans.
Financials
- Over 600 million in premiums – The volume of premiums that SABSEG intermediates.
- 34 million – Premium volume managed by Asigest Broker.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SABSEG | Acquirer | Company | A leading independent insurance broker in Iberia, focusing on corporate insurance. |
| Asigest Broker | Target | Company | An Italian insurance broker with over 30 years of experience, specializing in various sectors and part of international broker networks. |
| Miura Partners | Private Equity Firm | Company | The private equity firm supporting SABSEG in its strategic expansion. |
| Alessandro Griffith | Leadership | Person | President of Asigest Broker and SABSEG Italia, leading the company post-acquisition. |
| Eduardo Dvila | Chairman and CEO | Person | Chairman and CEO of SABSEG, driving the company's expansion strategy. |
| Mesana, XP Advisory, DWF/RCD, KPMG, and Miralles & Serra | Advisors to SABSEG | Company | Provided advisory services to SABSEG for the transaction. |
| Alpha Omega, Studio Girardi Tua e Studio Corb | Advisors to Asigest Broker | Company | Provided advisory services to Asigest Broker for the transaction. |