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BMS expands Iberian business with Eisenar acquisition

BMS expands Iberian business with Eisenar acquisition | Insurance Business UK

BMS expands Iberian business with Eisenar acquisition

BMS has signed a deal to acquire Eisenar, a Spanish specialty insurance broker headquartered in Seville, with a second office in Madrid.

The transaction is pending approval from Dirección General de Seguros y Fondos de Pensiones, and the terms of the acquisition were not disclosed.

Eisenar was founded in 2001 by Eugenio Sanchez-Belda. It specialises in industrial risks and professional sports insurance, with Seville Football Club among its flagship clients. Eisenar’s business also includes hospitality, agriculture insurance, surety, renewable energy, cyber, construction and manufacturing lines.

Carlos Sanchez-Belda, the founder’s son, is Eisenar’s CEO, while Maria del Mar Sanchez-Belda, the founder’s daughter, is managing director. Post-acquisition, they will lead the business alongside Francisco Gomar, incumbent technical director.

“For the past 20 years Eisenar has had an exemplary track record in Spanish specialty insurance, and, following this acquisition, its future is bright,” Carlos said. “We will continue to lead the business and look forward to incorporating our successful business model into the BMS group. The entire Eisenar team are delighted to join BMS Iberia, and with their global presence and expertise, we will continue to innovate and provide the best-in-class service to our clients.”

Carlos will take the role of chief commercial officer and member of BMS Iberia’s executive committee, reporting directly to Fernando Claro (pictured above), CEO of BMS Iberia. Eugenio will be invited to join the BMS Iberia advisory board.

“This is an important part of the journey for BMS Iberia which reinforces our reputation as a fast-growing and specialist insurance and reinsurance broker,” Claro said. “We are a top-five affinity broker in Spain, and we are also making investments into other specialty areas. Eisenar’s family-run culture is one of their most important strategic assets. Their young and dynamic leadership team will be instrumental in consolidating our market presence, by driving the development of innovative solutions that are customised to the needs of each affinity and client. We are delighted to welcome colleagues from Eisenar on board.”