BMS Group’s subsidiary BMS Iberia has purchased the Granada-based Spanish specialist insurance brokerJurado Mata.
The financial details of the acquisition were not disclosed.
Jurado Mata, founded in 1990, offers a range of affinity, commercial and personal lines solutions to Spanish clients.
The acquisition is expected to expand the presence of BMS Iberia in southern Spain.
BMS Iberia CEO Fernando Claro said: “Jurado Mata is an excellent specialist broker with a fantastic market reputation and a great match for BMS Iberia, BMS’s main European platform. Jurado Mata clients will benefit from BMS’s global reach and BMS is set to solidify its leading affinity position in Spain through Jurado Mata’s networks.”
BMS has fully acquired Jurado Mata, including its staff and infrastructure.
Following the completion of the integration process, Juan Mata, CEO of Jurado Mata, will join BMS Iberia’s board of directors.
Jurado Mata president Juan Antonio Mata said: “We have seen a significant increase in demand for specialised advisory services in the insurance market. With BMS’s extensive insurance sector experience and global platform, as well as Jurado Mata’s local resources, we are well placed to meet this growing demand.
“We are confident that, together, we have the scale and capabilities to drive the next stage of our growth both inside Spain and further afield and I’m therefore excited to work with Fernando, all of BMS Iberia and the BMS head office team in London.”
BMS Iberia is the Spanish subsidiary of BMS Group. It is a keystone entity for BMS’s European operations.
The acquisition of Jurado Mata is expected to enable the company to become one of the top affinity brokers in the country.