MDS grows in the Iberian Peninsula with the integration of Spanish brokerage AseRiesgo

From left to right: José Diogo Silva, CFO of MDS Group; Patricia Sanz-Viveros, Technical Managing Partner of AseRiesgo; Juan Carlos Barrena, Managing Partner of AseRiesgo; and Álvaro Mengotti, CEO of MDS Spain.

Spanish version

The MDS Group has strengthened its consolidation in Spain through the integration of AseRiesgo Correduría de Seguros, based in Madrid. The transaction is part of the MDS Group’s growth and consolidation strategy in the Iberian Peninsula.

Founded in 2005 as the successor to Global AR (2000), AseRiesgo Correduría de Seguros is a highly specialized company in liability and professional insurance, developing advanced solutions for corporate clients with complex needs.

AseRiesgo has a solid client portfolio, including major engineering companies and public entities, to which it provides specialized consulting in risk management and highly specialized insurance solutions.

With this integration, MDS strengthens its value proposition in the specialty lines segment, incorporating distinctive technical capabilities that complement its current offering and strengthen its positioning in the Spanish market.

This operation is part of MDS’s strategy of sustained growth, based on the integration of companies with high added value and technical specialization, contributing to the construction of a more diversified organization focused on its clients’ needs.

Álvaro Mengotti, CEO of MDS Spain, notes that: "the incorporation of this team represents a key reinforcement in strategic areas for the MDS group. AseRiesgo’s market knowledge and experience in sectors such as engineering and the public sector will complement our current capabilities and allow us to continue executing our growth plan.”

In turn, José Manuel Fonseca, CEO of the MDS Group, states that: "this integration represents another step in our growth strategy in the Iberian Peninsula. AseRiesgo’s specialization adds great value to our organization and strengthens our ability to respond to clients with complex and highly technical needs.”

Juan Carlos Barrena, Managing Partner of AseRiesgo Correduría de Seguros, with extensive experience in the insurance sector, adds: "our integration into MDS allows us to take a qualitative leap, expanding our capabilities and offering our clients a more complete service supported by an international platform and a highly experienced team.”

The transaction is subject to the fulfillment of the usual conditions for this type of deal, including obtaining the corresponding regulatory approvals in Spain.