Grupo Morera & Vallejo

What Grupo Morera & Vallejo does

Grupo Morera & Vallejo is a privately held Spanish business conglomerate founded in 1980 in Sevilla by Antonio Morera Vallejo, operating as a diversified holding with more than 25 subsidiaries across insurance, real estate, industrial manufacturing, legal services, livestock, media, and a corporate foundation. Its core business is insurance mediation and underwriting, anchored by the original Morera & Vallejo Corredur\u00eda de Seguros brokerage, MIC Insurance (specialized in cauction/surety, decennial guarantee, all-risk construction, and civil liability insurance, ranked #1 in Spanish cauction for 8 consecutive years with 110 million euros in premiums written in 2020), and the Millennium brand serving the UK and Latin American markets. The group also operates Morera & Vallejo Industrial (plasticultura manufacturers Plastimer, Macresur, Torres Film, with the WeCarePack biodegradable agricultural film line), Morera & Vallejo Patrimonial (including the 30,000 sqm Parque Empresarial at Cortijo Gota de Leche in Sevilla with two hotels and event venues), and integrated legal/consulting services.

The group earns revenue through insurance brokerage commissions, insurance underwriting premiums (MIC Insurance and Millennium), direct sales of industrial plastic films, rental and sale of premium commercial real estate, legal/advisory fees, and foundation-funded cultural activities. Distribution is multi-channel: insurance products flow through Multibrokers Internacional broker networks (Spain, Italy, France, Portugal, Germany, England), MBI Am\u00e9rica's reinsurance agency for 17 Latin American countries, Lloyd's of London subscription agencies (since 1996), and direct MIC Insurance offices across Spain, France, and Portugal. Customer segments span SMB insurance clients (300,000+), professional collectives (nurses, physiotherapists, aparejadores), construction firms and developers, housing cooperatives (CONCOVI), and agricultural producers (Alhóndiga La Unión). The group holds ISO 9001:2000 certification, operates with 2,000 daily workers on its Sevilla campus, and is led by the founder with a second-generation leader (Roc\u00edo Morera Maldonado) managing the MIC Insurance business.

Name

Grupo Morera & Vallejo

Legal name

GRUPO MORERA Y VALLEJO S.L.

Website

https://grupomorerayvallejo.es

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

Grupo Morera & Vallejo is a privately held Spanish diversified holding founded in 1980 in Sevilla, operating insurance brokerage (MIC Insurance, Millennium), industrial plastics (WeCarePack), real estate, legal services, livestock, and media businesses across more than 25 countries with over 300,000 clients.

Ownership category

akta.pro rank

Product category

Diversified Insurance and Business Services Holding

NAICS

Insurance Agencies and Brokerages (524210), Management of Companies and Enterprises (5511)

SIC

Insurance Agents, Brokers & Service (6411), Insurance Carriers, Nec (6399)

akta.pro primary industry

Consumer & Retail (CPG, Food, Apparel) (FSABACAM)

Keywords

• Insurance brokerage services
• Surety and cauction insurance
• Business holding group
• Investment advisory services
• Real estate management

Headquarters

HQ city

Sevilla

HQ country

Spain

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Premiums (Seguros): Revenue from insurance brokerage commissions, subscription agency fees, and insurance company premiums. Covers cauction bonds, decennial guarantees, construction all-risk, civil liability, and general insurance products. MIC Insurance reached 110 million euros in insured premiums in 2020 and exceeded 100 million euros in premiums, ranking #1 in Spain in cauction insurance.
2. Investment and Business Consulting (Inversiones): Advisory services for business diagnosis, heritage management, real investment strategies, business structure review, and strategic decision-making for entrepreneurs and executives. Also includes construction sector auditing and risk evaluation services.
3. Property Management (Patrimonio): Rental and sale of premium commercial real estate through the Parque Empresarial Morera & Vallejo (30,000 sqm), professional office buildings for lease, event venue rental (Cortijo Gota de Leche), and hotel properties.
4. Industrial Manufacturing (Morera & Vallejo Industrial): Manufacturing of agricultural and industrial plastic films through Plastimer, Macresur, and Torres Film. Includes biodegradable film WeCarePack. Production target of 20,000 tonnes with planned capacity exceeding 80,000 tonnes per year.
5. Legal and Consulting Services: Legal services and consulting offered through specialized law firms integrated within the group's ecosystem.
6. Foundation and Cultural Initiatives: Non-profit cultural activities including journalism awards (Premios Amanecer), art patronage, and educational grants that support brand visibility and community engagement for the group.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Grupo Morera & Vallejo is a diversified Spanish business holding that operates an insurance brokerage and direct insurance operations (cauction, decennial guarantee, all-risk construction, civil liability), investment and business consulting services, real estate and patrimonial services (including the 30,000 sqm Parque Empresarial in Sevilla), legal advisory services, livestock breeding (Pure Spanish Horse), and industrial manufacturing of biodegradable agricultural film (WeCarePack). The group serves more than 300,000 clients across 25+ countries through 25+ subsidiaries.

Product overview

Grupo Morera & Vallejo is a diversified holding company founded in 1980, operating across ten distinct business areas rather than a single unified product. The core insurance operations are anchored by Morera & Vallejo Correduría de Seguros (insurance brokerage), MIC Insurance (insurance company), and Millennium Insurance (serving UK and Latam markets), supported by specialized products including Caución, Garantía Decenal, and Todo Riesgo Construcción. The group further diversifies into investment and financial services, real estate/patrimonial services, legal services, cattle ranching (Ganadería Morera & Vallejo), leisure and sports, industrial manufacturing (Plastimer, Macresur, Torres Film), media (El Correo de Andalucía), foundation work (Fundición Morera & Vallejo), and business park management (Parque Empresarial). This multi-sector structure reflects a traditional diversified holding group rather than a technology or software product company.

Differentiator

Problem solved

Functional benefit

Brands

• MIC Insurance: Insurance company specializing in caución (surety), construction insurance (decennial guarantee, all-risk construction), and civil liability operating in European markets including Spain, France, and Portugal.
• Millennium
• Morera & Vallejo Industrial
• Morera & Vallejo Patrimonial
• Ganadería Morera & Vallejo
• Club de Campo La Motilla

Products and services

• Insurance Brokerage (Corredur\u00eda de Seguros) Insurance brokerage services providing risk advisory and policy placement across multiple insurance lines including casualty, construction, financial guarantee, and professional liability insurance for construction companies, developers, self-employed professionals, cooperatives, and professional collectives.
• MIC Insurance (Cauction and Construction Insurance) Direct insurance company subsidiary offering specialized insurance products including cauction bonds (Surety), decennial guarantee insurance for construction defects, all-risk construction coverage, and civil liability. Operations span Spain, France, and Portugal with headquarters in Paris.
• Millennium Insurance Insurance brand serving the United Kingdom and Latin American markets with localized cauction and construction insurance coverage solutions.
• Investment and Business Consulting Services Investment management and business consulting services for entrepreneurs, executives, and construction sector companies, including business diagnosis, heritage diversification, real investment strategies, enterprise structure review, and risk evaluation.
• Real Estate and Patrimonial Services (Parque Empresarial Morera & Vallejo) Real estate management and patrimonial services offering rental and sale of premium commercial real estate, three office buildings for lease, event venue hire at Cortijo Gota de Leche, and hotel properties at the Parque Empresarial Morera & Vallejo in Sevilla.
• Legal Advisory Services (Consultor\u00eda y Abogados) Legal advisory services supporting the group's operations and client needs across various legal domains through specialized law firms integrated within the group's ecosystem.
• WeCarePack Biodegradable Agricultural Film Biodegradable agricultural film manufactured by Plastimer-Macresur (Morera & Vallejo Industrial) usable as mesh, second skin for cucumber, flow pack, or bag. Positioned as a sustainable alternative to conventional agricultural plastics for fruit and vegetable growers.

Quantifiable outcome

• 110 million euros in insured premiums achieved by MIC Insurance in 2020, growing 10% during pandemic
• +4 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Twelve partnerships are on record, tiered minor and core.

• Universidad de Málaga (UMA)minorStrategic or Co-development Partner · 1 January 2025Fundación Morera & Vallejo signed agreement with Universidad de Málaga to create a chair dedicated to training professionals in fighting aphasia, supporting medical education and research.
• CONCOVI (Confederación de Cooperativas de Vivienda y Rehabilitación de España)coreStrategic or Co-development Partner · 1 June 2022MIC Insurance signed historic agreement with CONCOVI to guarantee cauction policies for all housing cooperatives affiliated to the confederation through the TRCC – Todo Riesgo Cooperativa CONCOVI program. CONCOVI invoices approximately 2,500 million euros annually; MIC Insurance provides guarantee capacity of up to 600 million euros. This is the first coverage of its kind for the cooperative housing sector in Spain.
• FIAPP (Fundación Internacional y para Iberoamérica de Administración y Políticas Públicas)minorStrategic or Co-development Partner · 1 January 2022FIAPP coordinates the EU Twinning Project for Insurance Supervision in Georgia. MIC Insurance participated as host for Georgian insurance sector delegation, sharing experience with European Solvency II protocols to help harmonize Georgian insurance legislation ahead of EU accession.
• Alhóndiga La UnióncoreStrategic or Co-development Partner · 1 January 2020Alhóndiga La Unión (first cucumber commercializer in the world) commercializes WeCarePack biodegradable film manufactured by Plastimer-Macresur. Planned to cover all of Alhóndiga La Unión's production of 400,000 tonnes per year as sustainable packaging alternative.
• NBT Newbiotechnic S.A.minorStrategic or Co-development Partner · 1 January 2011Acquisition of NBT Newbiotechnic S.A., specialists in cellular therapy, as part of diversification into health sector.
• Greenwich (Agencia de Suscripción para Francia)coreChannel Partner/ Reseller/ Distributor · 1 January 2010Created as a subscription agency dedicated to the French market, part of the group's expansion into continental Europe under European Insurance Group structure.
• Iberoamerican Underwriting (Reinsurance platform in Latin America)coreChannel Partner/ Reseller/ Distributor · 1 January 2010New reinsurance service platform created to serve Latin American markets as part of MBI América expansion covering 17 countries.
• Cía. General de AvalesminorStrategic or Co-development Partner · 1 January 2010Company created as part of diversification strategy in 2010, providing guarantee and bonding services integrated within the group's financial services offering.
• Grupo Visu (Insurance Mediation in Catalonia)coreStrategic or Co-development Partner · 1 January 2009Acquisition of majority stake in Grupo Visu made the group the leader in insurance mediation in Catalonia, expanding broker network reach in Spain's most populous region.
• Fundación Blas InfanteminorStrategic or Co-development Partner · 1 January 2005Collaboration with Fundación Blas Infante to edit a book tribute to Blas Infante; the Parque Empresarial is located next to the Blas Infante monument which the group rehabilitated.
• Accor (Hotel Chain)minorStrategic or Co-development Partner · 1 January 1999Global agreement signed with Accor hotel chain for construction of Ibis Hotel adjacent to the new headquarters at Cortijo Gota de Leche, inaugurated in 2001 as part of the Parque Empresarial development.
• Lloyd's of LondoncoreChannel Partner/ Reseller/ Distributor · 1 January 1996Pioneering alliance between a Spanish insurance brokerage and Lloyd's of London, first of its kind. Morera & Vallejo began operating through the London market in Libre Prestación de Servicios (LPS) mode. MBI Suscripción de Riesgos and OM Suscripción de Riesgos agencies were created to represent Lloyd's syndicates. Beazley Lloyd's syndicate recognized MBI for quality and value. In 2022, MIC Insurance operates with Lloyd's underwriting expertise.

Scale indicators16 records

Recent moves13 records

Expansion highlights7 records

Direct peers

• Atradius: Global credit insurance and surety (caución) provider with strong Iberian presence; competes head-to-head with MIC Insurance for corporate cauction and bonding business across construction and professional collectives.
• Coface: French-headquartered credit insurance and surety provider competing with MIC Insurance in Iberian and European cauction markets. Relevant given MIC's Paris-based European operations.
• Crédito y Caución (Atradius): Spanish market leader in caución/surety insurance historically and a direct competitor to MIC Insurance in construction bonds, decennial guarantees, and all-risk construction coverage across Spain.
• Euler Hermes (Allianz Trade): Global leader in trade credit and surety (caución) insurance, operating in Spain through Euler Hermes Seguros de Crédito. Directly competes with MIC Insurance in the Spanish cauction market, where MIC has held the #1 ranking.
• Howden Spain: European-focused insurance broker (acquired several Spanish broker networks); comparable in business model and Iberian market positioning to Morera & Vallejo's broker franchise.

Broad incumbents

• Mapfre: Spain's largest insurance group and a former employer of founder Antonio Morera Vallejo. Competes across personal, commercial, caución, and reinsurance lines in Spain and Latin America, overlapping with multiple Morera & Vallejo subsidiaries.
• Aon Iberia: Global insurance brokerage with major Spanish presence, competing with Morera & Vallejo Correduría de Seguros for large corporate and professional collective placements.
• Willis Towers Watson (WTW) Iberia: Global insurance and risk advisory firm with Spanish operations; competes with Morera & Vallejo for corporate brokerage mandates and benefits advisory in Spain.
• Grupo Catalana Occidente: Spanish insurance and credit insurance group operating across Iberia via multiple brands (Seguros Catalana Occidente, Crédito y Caución). Comparable diversified insurance holding structure with both brokerage and direct underwriting.
• Marsh (Marsh McLennan) Iberia: Global insurance and risk broker operating across Iberia; competes with Morera & Vallejo for enterprise broker mandates and specialty lines including caución and construction.

Market position

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/grupo-morera-vallejo
• Xx.com/gmorerayvallejo

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grupo Morera & Vallejo