PIB Group Iberia

What PIB Group Iberia does

PIB Group Iberia is a Spain and Portugal-headquartered diversified specialist insurance broker operating as the Iberian subsidiary of the London-based PIB Group, a private equity-backed global insurance broker. Founded in 2015 and headquartered in Barcelona, the company serves three core customer segments — businesses (corporate insurance, employee benefits, sector-specific coverage), individuals (home, auto, health, life, savings), and professionals/freelancers (professional liability, health, retirement). Its product portfolio spans personal lines (home, auto, health, life, savings), commercial lines (cyber risk, credit and surety, D&O, fleet, agricultural, marine, reinsurance), and employee benefits (flexible compensation, group health/life/accident/savings), supported by a dedicated claims management team handling over 55,000 cases per year and a digital customer portal for policy administration.

The business operates as a federation of 23+ acquired regional brokerage brands (including Vitorinos, Saludco, BárymontGo, Schippers, Torres, Blansegur, and Cicor Global Marine), each retaining its local identity and client book while accessing PIB Group Iberia's centralized capabilities, carrier relationships, and cross-sell capacity. Distribution is primarily field-led through physical offices in 20+ Spanish cities and 15 Portuguese cities, supplemented by a digital portal. Revenue is generated via commissions on placed insurance premiums (€500M managed in 2025, split €400M Spain / €100M Portugal), with no publicly disclosed pricing model given the broker/intermediary structure.

PIB Group Iberia pursues a growth model combining organic client acquisition with an aggressive acquisition program — 35 corporate operations executed since 2022 — targeting local specialty brokers, vertical capability additions (health, employee benefits, surety/credit), and geographic expansion into Portugal. The company holds ISO 9001 and ISO 27001 certifications, is a member of the Spanish broker association adecose, and operates without a proprietary technology stack, relying instead on traditional advisory services and standardized broker tools. Management includes a regional CEO structure (Gabriel Cereto for Spain, Mauricio Oliveira for Portugal) under group President and CEO Martín Navaz.

Name

PIB Group Iberia

Legal name

PIB Group Iberia

Website

https://pibgroupiberia.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

251–500 employees

Short description

PIB Group Iberia is the Spanish and Portuguese subsidiary of PIB Group, operating as a diversified insurance broker serving businesses, individuals, and professionals across 20+ cities in Spain and 15 in Portugal through 23+ integrated acquired brokerage brands, placing €500M in premiums annually via independent advisory and commission-based distribution.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321)

akta.pro primary industry

Commercial Lines Insurance Brokerage (FSAEADAB)

akta.pro secondary industries

Retail (Personal Lines) Insurance Brokerage (FSAEADAA), Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Insurance brokerage
• Commercial insurance
• Personal insurance
• Employee benefits
• Claims management

Headquarters

HQ city

Barcelona

HQ country

Spain

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commissions: PIB Group Iberia acts as an insurance broker/intermediary between clients and insurance companies. The company earns commissions from insurance providers for placing business. Their revenue derives from commissions on insurance premiums written through their network of brokerages.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

PIB Group Iberia is an independent insurance broker and intermediary operating in Spain and Portugal, distributing insurance products from multiple carriers to individuals, businesses, and professionals. The company earns commissions by placing personal lines (home, auto, health, life, savings), commercial lines (cyber, credit/surety, D&O, fleet, agricultural, marine), and employee benefits (flexible compensation, group insurance) coverage. It also provides in-house claims management services processing more than 55,000 cases annually.

Product overview

PIB Group Iberia operates as an insurance broker network offering a comprehensive portfolio of insurance products and services through multiple acquired regional broker brands across Spain and Portugal. The company provides personal lines insurance (home, car, health, life, savings) for individuals, and commercial insurance solutions (cyber risk, credit/surety, D&O, fleet, construction, agricultural) for businesses. The portfolio includes employee benefits products (flexible compensation, group health, life, accident, savings) and specialized sector coverage (aviation, marine, renewable energy, healthcare). Services include claims management processing over 55,000 cases annually and a digital customer portal. The network comprises 23+ integrated broker brands including Vitorinos, Saludco, BárymontGo, Schippers, Torres, Alba Vera, Augusta Bílbilis, Blansegur, Segurnou, BLAT, SegreSegur, Sare, Moné, Fabroker, Aguirre Vila-Coro, J. Sánchez Consultores, Iddeas, Privat Asesoramiento, Grupo VG, Campos & Rial, Fidentia, Engloba, Confide, Tractio, and Cicor Global Marine.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Insurance (Seguro de Hogar) Home insurance coverage for apartments, houses, and second homes, protecting against damages, theft, and other risks for individual consumers.
• Car Insurance (Seguro de Coche) Vehicle insurance for cars, motorcycles, and vans covering liability, damages, theft, fire, and road assistance for individual consumers.
• Savings Insurance (Seguro de Ahorro) Savings and investment insurance products providing short, medium, and long-term savings options with tax benefits for individual consumers.
• Life Risk Insurance (Seguro de Vida Riesgo) Life risk insurance protecting beneficiaries against death, total permanent disability, and serious illness for individual consumers.
• Health Insurance (Seguro de Salud) Private health insurance providing medical consultations, hospitalization, surgery, prescriptions, and international coverage for individual consumers.
• Cyber Risk Insurance (Ciberriesgos) Cyber risk insurance protecting businesses against cyber attacks, data breaches, and digital threats.
• Credit and Surety Insurance (Seguro de Crédito y Caución) Commercial credit and surety insurance protecting businesses against non-payment and providing contractual guarantees.
• D&O Liability Insurance (Directors and Officers) Liability insurance for company directors and officers protecting against claims related to management decisions.
• Fleet Insurance (Flotas de Vehículos) Vehicle fleet insurance covering multiple vehicles under a single policy for businesses.
• Agricultural Insurance (Agroseguro) Specialized insurance for agricultural sector covering crops, livestock, and farm equipment.
• Medical Malpractice & Life Science Insurance Professional liability insurance for medical professionals and life science companies.
• Reinsurance Broking (Reaseguro) Reinsurance broking services for insurance companies seeking risk transfer solutions.
• Flexible Compensation (Retribución Flexible) Flexible remuneration programs allowing employees to customize their compensation package with tax advantages for corporate clients.
• Group Health Insurance (Seguro de Salud Colectivo) Collective health insurance plans for companies offering employee health benefits.
• Group Life Insurance (Seguro de Vida Colectivo) Group life insurance policies protecting employees and their families for corporate clients.
• Group Accident Insurance (Seguro de Accidentes Colectivo) Collective accident insurance coverage for company employees.
• Group Savings Insurance (Seguro de Ahorro Colectivo) Group savings and pension planning products for employee retirement benefits.
• Claims Management Service (Gestión de Siniestros) Professional claims handling and management service processing over 55,000 cases annually, defending client interests against insurers.
• Digital Customer Portal (Área Cliente) Digital customer portal for policy management, document access, and claims tracking.

Quantifiable outcome

• Manages 500M euros in premiums across Spain and Portugal in 2025
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• adecoseminorOthersadecose is a Spanish association of insurance brokers (Asociación Española de Corredurías de Seguros). PIB Group Iberia is a member, indicating adherence to industry standards and participation in the broker community.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Willis Towers Watson (WTW) Iberia: WTW operates globally with substantial Iberian insurance brokerage and advisory operations, serving large corporates with risk management, insurance, and employee benefits. Overlaps with PIB Group Iberia in commercial and benefits segments.
• Marsh Spain: Marsh is one of the world's largest insurance brokers with significant presence in Spain, offering commercial risk, employee benefits, and specialty solutions to enterprise clients. Comparable on product breadth but operates globally with much larger scale.
• Aon Iberia: Aon is a global professional services firm offering insurance brokerage, reinsurance, and human capital solutions across Iberia. Direct competitor for enterprise clients and specialty lines including surety/credit (where Fernando Franco previously led).

Direct peers

• BMS Group: BMS Group is an independent, PE-backed specialty insurance and reinsurance broker with European operations. Comparable in independent intermediation model and specialty orientation (including marine, similar to Cicor Global Marine).
• Howden Iberia: Howden is a global PE-backed insurance broker with growing Iberian operations, executing a similar roll-up strategy and serving comparable commercial and specialty client segments. Most direct comparable given parallel sponsorship model and Iberian focus.
• Acrisure: Acrisure is a fast-growing, PE-backed global insurance brokerage executing an aggressive acquisition strategy similar to PIB Group. Highly comparable business model and growth orientation, though US-headquartered.
• Lockton Iberia: Lockton is the world's largest independent insurance broker with growing operations in Spain and Portugal. Competes directly for mid-market and large commercial accounts with specialty capabilities.

Regional players

• MGS Seguros: MGS Seguros is a Spanish insurance broker with broad personal and commercial lines, competing in overlapping geographic territories and customer segments. Regional peer for individual and SME business.
• Musaat: Musaat is a Spanish mutual insurance broker for the construction and architecture sector. Comparable as a regional specialist broker serving professional clients, similar to PIB Group Iberia's professionals segment.
• GES Seguros: GES is a Spanish insurance broker focused on commercial and industrial clients, competing for similar SME and corporate accounts in Spain. Regional direct competitor with comparable independent intermediation model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

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• Instagraminstagram.com/pib_group_iberia

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries28 records

Funding overview

Funding rounds

Investors

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

M&A4 records

Investments

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

Frequently asked questions about PIB Group Iberia