SABSEG has acquired Italian insurance firm Asigest Broker to enhance its presence and growth in the Southern European insurance market.

Target Information

SABSEG, a leading independent insurance brokerage in Spain and Portugal, has announced its acquisition of Asigest Broker, an Italian insurance firm based in Biella. Established in 1992, Asigest Broker has extensive expertise in industrial risks, energy, construction, health, and transportation. The company operates throughout Northern Italy and Rome, managing a premium volume exceeding 34 million euros and boasting a diverse portfolio of over 5,100 clients.

This acquisition marks a strategic move for SABSEG as part of its ambitious growth plan to establish a significant presence in the Italian insurance brokerage market. With support from Asigest Broker and its management team, SABSEG aims to become a key market consolidator in Italy, integrating new brokerages and talent to expand its national network and enhance customer service with new product specialties and capabilities.

Industry Overview in Italy

The insurance brokerage industry in Italy is currently evolving, with independent brokerages like Asigest playing a pivotal role in both local and international markets. The sector has experienced growth due to rising aware