MDS Expands in Spain and Strengthens Financial Lines, Corporate Risks, and Reinsurance Areas

The MDS Group continues to strengthen its presence in Spain by reinforcing two new business areas: financial lines and reinsurance, which will be led by two executives with extensive experience in the sector: José María Elguero and Pablo Cobian González del Valle. 

With over 30 years of experience, José María Elguero will take on the role of developing financial lines. His deep knowledge in this specialty, acquired as an executive at major companies in the sector, will contribute to expanding the offering of specialized solutions for corporate clients in this area. He holds a degree in Law, a PhD in Political Science, and an MBA from the Instituto de Empresa, and is also a professor at the Pontifical University of Comillas (ICAI-ICADE). 

Pablo Cobian González del Valle joins MDS to lead the development of the Reinsurance area and will also provide support to large corporate clients. With solid experience in reinsurance programs and corporate insurance, in recent years he has been responsible for the placement and development of insurance programs for large corporate clients. In addition, he led a Reinsurance Department, which he was responsible for creating and developing. 

José Manuel Fonseca, CEO of the MDS Group, states: 

"The Iberian and Latin American markets are two key pillars in the MDS Group’s international strategy. Our investment in Spain, with the agreement to acquire Cobian Insurance Brokers at the end of 2024, has strengthened our operations as an Iberian platform, and this new commitment further consolidates our specialized offering in this important market. With this solid foundation, we remain committed to innovation, offering high-quality services to clients and partners.” 

Álvaro Mengotti, CEO of MDS Spain, adds: "We are very pleased to welcome José María Elguero and Pablo Cobian González del Valle to the MDS team in Spain. They are two highly qualified and experienced professionals who bring extensive knowledge and strategic capabilities to strengthen our operations and offering for corporate clients. This move supports our ambition to become a relevant broker in Spain, combining talent acquisition with the integration of other brokers.”