Wide Group has acquired Anglo Lombarda Insurance Brokers Srl, enhancing its capabilities and market presence in Italy's fragmented insurance broking industry.
Target Company Overview
Wide Group has successfully acquired Anglo Lombarda Insurance Brokers Srl, a prominent commercial brokerage based in Naples and Treviso. Founded in 2005 by Lodovico Bocchini and Andrea Ragozino, the company remains under the leadership of these founders alongside Mauro Martini and Riccardo Bocchini. Anglo Lombarda is renowned for its bespoke insurance solutions tailored for professionals and businesses, particularly excelling in the financial lines and aquaculture sectors.
Industry Overview in Italy
The insurance broking industry in Italy is characterized by its significant fragmentation, providing ample opportunities for consolidation. With many small to medium-sized brokers operating in the market, larger players like Wide Group are strategically positioned to enhance their market share through acquisitions. The industry's growth is driven by increasing demand for specialized insurance products that cater to the diverse needs of both individual clients and businesses.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Moreover, the Italian insurance sector is undergoing modernization, spurred by technological advancements and evolving consumer expectations. Insurers are progressively adopting digital platforms to facilitate b
Similar Deals
Wide Group
invested in
Anglo Lombarda Insurance Brokers Srl
in 2023
in a Buyout deal