BMS acquires Spanish broker in continued European expansion

Specialist re/insurance broker BMS Group has acquired a Granada-based specialist insurance broker to strengthen its presence in southern Spain and "become one of the top affinity brokers in the country".

BMS has acquired Jurado Mata in full, with staff and infrastructure transferring into BMS Iberia. Juan Mata, CEO of Jurado Mata, will also join BMS Iberia’s board of directors once the integration is complete.

BMS Iberia is the Spanish subsidiary of BMS Group and the keystone entity for the company's European operations.

Jurado Mata provides a range of affinity, commercial and personal lines solutions to a range of Spanish clients.

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.”

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.”