BMS Iberia, a subsidiary of specialist (re)insurance broker BMS Group, has acquired Spanish specialist insurance broker Jurado Mata for an undisclosed price.

Established in 1990, Jurado Mata, which is based in Granada, is said to offer a variety of affinity, commercial and personal lines solutions to its Spanish clients.

BMS Group said that it has acquired 100% of the Spanish insurance broker, including its staff and infrastructure which will transfer into BMS Iberia. Juan Mata, the CEO of Jurado Mata will join the board of directors of BMS Iberia upon completion of the integration.

Juan Antonio Mata – president at Jurado 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, which is the Spanish subsidiary of BMS Group, is said to be the keystone entity for BMS Group’s European operations.

BMS Group said the acquisition will bolster the footprint of BMS Iberia in southern Spain and is expected to help the latter become one of the top affinity brokers in Spain.

Fernando Claro – CEO of BMS Iberia 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. We look forward to working with the Jurado Mata management and their excellent team in achieving our strategic expansion plan across Europe and beyond.”

  BMS Group, BMS Iberia, Fernando Claro, Granada, Insurance acquisition news, Insurance industry news, Juan Antonio Mata, Jurado Mata, Nick Cook, Spain