Global insurance broker and fintech platform Acrisure has acquired Summa Insurance Brokerage, making it Acrisure’s first expansion into the Spanish market, bringing the number of countries in which the company has a physical presence to ten.
This follows Acrisure’s recent partnership with Brazilian firm It’sSeg and adds another major European market to Acrisure’s already substantial operations on the continent, including Italy, the Netherlands, Switzerland and the United Kingdom.
Since its founding in 2005, Summa has grown revenues to over €11.5m ($13m) and expanded its offices and franchises throughout Spain.
The deal brings Summa into Acrisure’s global network of Partners, providing a wide array of tech-driven financial services solutions in areas including Insurance, Re-insurance, Asset Management, Real Estate and recently announced Cyber Services.
Greg Williams, Co-Founder, CEO and President of Acrisure commented: “Summa has an impressive track record displaying strong growth over the last several years while solidifying their position as a top insurance broker in Spain.
“Summa’s exceptional team and their particular focus on training insurance experts with multidisciplinary skills makes for a strong combination as we continue our geographical expansion.”
Jose Antonio Vargas Gonzalez, Summa’s President and CEO commented: “The partnership with Acrisure will be immensely valuable to us as we integrate their tech-driven approach and capabilities into our operations.
“This will allow us to rapidly accelerate our growth in Spain and offer clients a robust suite of solutions.”
Jason Howard, President of Acrisure International added: “As we continue to look for ways to strategically expand our global presence, marrying the expertise of Summa in one of Europe’s key markets with the vast technological resources of Acrisure, brings a great opportunity for us to meet our common goals.”
