Actis has invested $100 million to establish It’s Seg, a holding company for insurance brokers in Brazil, aiming to capitalize on the fragmented market and accelerate growth through acquisitions.

Target Information

The British private equity firm Actis has made a notable investment of $100 million (approximately R$ 250 million) to establish a holding company for insurance brokers in Brazil, named It’s Seg. The company will be led by Thomaz Menezes, who previously served as the president of SulAmérica and the American brokerage Marsh. He also holds a partnership stake in the newly formed holding, which initially comprises three existing brokers: Torres Benefícios, Grupo Raduan, and Barela Seguros, all of which will continue to operate under their own brands.

It’s Seg primarily focuses on providing benefit plans for corporate clients, including health and dental insurance. The founding brokers have a combined history of at least two decades in the insurance market. This merger has resulted in a significant entity with R$ 1 billion in insurance premiums under management and approximately 400,000 beneficiaries. The company aims to double its revenue within three years, according to Chu Kong, a partner at Actis responsible for its local operations.

Industry Overview

The Brazilian insurance market had a remarkable turnover of R$ 15 billion last year, signifying robust activity in the sector. Despite recent macroeconomic challenges, the insurance industry holds substan