Independant specialist re/insurance broker BMS Group has announced the acquisition of Jurado Mata by its Spanish subsidiary, BMS Iberia.
Jurado Mata was founded in 1990 and provides a range of affinity, commercial and personal lines solutions to a number of clients across Spain.
Juan Mata, Chief Executive Officer of Jurado Mata, will join BMS Iberia’s board of directors once the integration is complete.
The acquisition is expected to strengthen BMS Iberia’s presence in southern Spain as the company looks to become one of the top affinity brokers in the country.
“Jurado Mata is an excellent specialist broker with a fantastic market reputation and a great match for BMS Iberia, BMS’s main European platform,” said Fernando Claro, CEO of BMS Iberia.
“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. We look forward to working with the Jurado Mata management and their excellent team in achieving our strategic expansion plan across Europe and beyond.”
Commenting on the acquisition, 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.”