Announced
Completed
Financials
Sources
Tags
insurance
Single Bidder
Spain
Private
Completed
Acquisition
Majority
Domestic
Insurance Brokers
Friendly
Synopsis
BMS Iberia, an independent specialist (re)insurance broker, completed the acquisition of Montymarq, a Spanish specialist insurance broker. Financial terms were not disclosed. “BMS Iberia is growing strategically: we have identified significant opportunities in several key specialty areas and we are well-positioned to be one of the top specialist brokers in Spain. Montymarq’s expertise and market-leading talent in the professional, personal and liabilities risk space meaningfully complement our current growing practice. I look forward to working with Juan and the team and taking our regional business to the next stage of growth,” Fernando Claro, BMS Iberia CEO.
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