SABSEG accelerates its European expansion and begins operations in Italy with the acquisition of Asigest Broker.
SABSEG, an independent brokerage of reference in Spain and Portugal, takes a decisive step in its international growth with the acquisition of the Italian Asigest Broker. With this operation, the group opens the market in Italy and lays the groundwork to establish itself as one of the most relevant insurance intermediaries in southern Europe.
Asigest Broker, founded in 1992 and based in Biella, has a distinguished track record in industrial risks, energy, construction, health, and transportation. Under the leadership of Alessandro Griffith, the firm operates in northern Italy and Rome, manages over 34 million euros in premiums, and serves more than 5,100 clients.
This integration aligns with SABSEG's strategic plan to strengthen its presence in southern Europe. Together with Asigest's management team, the group aims to accelerate consolidation in the Italian market by incorporating brokerage firms and talent, expanding specialized coverage, and enhancing its service capacity across the country.
The founding partners of Asigest —led by Alessandro Griffith— will continue leading the company, ensuring continuity in the service model and long-term vision.
Eduardo Dávila, president and CEO of SABSEG:
“Our entry into Italy represents a natural step in our international roadmap in which we seek to lead Southern Europe. There is no doubt that Asigest Broker is the ideal partner to advance this vision and consolidate our leadership in southern Europe.”
Alessandro Griffith, president of Asigest Broker and SABSEG Italy:
“Joining SABSEG represents a huge opportunity to strengthen our value proposition and expand capabilities while maintaining our identity and way of doing things.”
SABSEG has worked with Mesana, XP Advisory, DWF/RCD, KPMG, and Miralles & Serra. Asigest Broker has been advised by Alpha Omega, Studio Girardi Tua, and Studio Corbò.