Insurance broker consolidation project in Iberia

Miura Partners is undertaking a consolidation project in the insurance brokerage sector under Brokers & Partners brand, aiming to create the leading independent insurance broker in Spain for SMEs.

With the investment in Banasegur, the leading agricultural broker in Spain, Miura takes a first step towards the consolidation of a highly atomized sector. Banasegur management team will continue to run the company while current shareholders will reinvest a significant stake in the project. Banasegur is specialized in the agricultural insurance intermediation sector with a strong positioning in the SME space. The company offers a wide insurance product offering to SMEs including credit & surety, multi-risk, health and life & pensions.

In April 2022 Brokers & Partners incorporates Ores & Bryan into the platform, one of the leading brokers specialized in credit and surety for SME, headquartered in Malaga- In addition, the group acquires Brokers Consultores (Sevilla), focused on the agribusiness insurance niche.

Brokers & Partners is to develop different inorganic growth opportunities by incorporating other synergistic brokers to the project to broaden the company’s current national and international presence and product portfolio, especially in the SME space. In addition, Miura will be focused on the implementation of organic strategic initiatives to enhance the group’s commercial activity and operations including strong efforts in digitalization processes.