Cuatrecasas advises LBU Spain on incorporation of Covergrup; transaction to generate added value for insurers and clients
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SubscribeCuatrecasas has advised Leading Brokers United Spain (“LBU Spain”), the holding company of the brokerage firms that are part of GGW Group, the largest insurance brokerage group in Germany, on the incorporation into the company of Covergrup, a highly specialized provider of lifestyle and niche insurance solutions.
Covergrup brings to Leading Brokers United a highly attractive segment within a growing market and opens up significant cross-selling opportunities between products and services, as well as high potential for technological collaboration and process optimization within the group.
The addition of Covergrup will strengthen LBU Spain's position in high-growth segments and generate clear added value for both clients and insurance companies.
Leading insurance brokerage firm
With a network of over 90 partner companies, Leading Brokers United is present throughout Europe, including Germany, Austria, Switzerland, the Netherlands, France, Poland, Spain, and Italy.
From over 80 locations, the group offers specialized insurance solutions to mid-sized companies across more than 70 sectors and lines of business. The constantly growing group employs over 2,500 professionals and, through its partners, is part of leading international insurance broker networks.
The Cuatrecasas advisory team was made up of Kai Christian Fischer and Ana Laso (Corporate and M&A/German Desk), as well as Ruth Duque and Celia Zafra (Insurance).
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