- Ores & Bryan is one of the leading brokers specialized in credit and surety for SME
- With Ores & Bryan, Brokers Alliance will distribute over €120 million premiums
Brokers Alliance incorporates Ores & Bryan, a leading insurance broker in credit and surety space, to its portfolio. With this acquisition, Brokers Alliance continues with its consolidation project in the Iberian insurance brokerage market. This investment is the group’s second investment after the incorporation of Banasegur in June 2021, a reference in agricultural insurance in Spain.
Ores & Bryan, is headquartered in Malaga (Spain) and it is specialized in the advisory and distribution of credit and surety insurance products for SMEs, professionals and individuals, with more than 30 years of experience. Current shareholders will join Brokers Alliance project and will continue leading the company, with the objective to become the Iberian largest insurance broker specialized in credit and surety products, incorporated the best companies in this niche.
Ores & Bryan brokered €30 million premiums in 2021, achieving €6 million revenues. Together with Banasegur, the group reaches more than €120 million premiums and nearly €20 million revenues.
Brokers Alliance aims to become a leading insurance broker group in the Iberian market by partnering with insurance brokers leaders in their niches or geographies. The company has appointed Ignacio Quesada as Head of M&A of Brokers Alliance. In addition, the company plans to complement its growth plan with organic initiatives reinforcing its commercial activity and operations with technology investments and digitalization of processes.
According to Juan Leach, Founding Partner at Miura Partners, “We are pleased to incorporate Ores & Bryan to the project. Its business and activity are complementary to Banasegur’s. Both companies share the same vision, philosophy, and leadership in their specialized niches.”
The Esteban family, current shareholders, said that “This is a great project for Ores & Bryan that will allow us to offer a comprehensive coverage to our clients and consolidates our leading position in the credit and surety niche. We are pleased to join Brokers Alliance and team up with Miura Partners with the conviction to continue building new partnerships.”
The transaction has been advised by Clearwater International (M&A), DWF-RCD (Legal) and KPMG and Miralles & Serra (Due Diligence).
About Ores & Bryan
Ores & Bryan, is headquartered in Malaga (Spain) and it is specialized in the advisory and distribution of credit and surety insurance products to SMEs, professionals and individuals, with more than 30 years of experience. In 2021, Ores & Bryan brokered €30 million premiums, surpassing €6 million revenues in 2021.
More information: www.oresybryan.com
About Miura Partners
Miura Partners is a leading middle-market private equity firm in Spain based in Barcelona with more than €1bn of Assets under Management.
The firm is specialized in investing in mid-size family-owned & entrepreneurial businesses, providing attractive growth and innovation plans, and with a clear focus on sustainability. Since 2008 Miura Partners has invested in more than 40 companies, with transactions worth more than €1.5bn.
More information: www.miura.partners