M&A in insurance coverage: MDS Brasil buys Brokers to advance within the well being and advantages center market

With more than 120,000 lives insured, and prizes of 280 million reais, Brokers has been operating for 32 years as a boutique consultancy with health care and insurance projects

Just two weeks after the end of the sale process to the English group Ardonagh, the safe and benefits MDS Brazil announces the acquisition of the brokerage Brokersspecializing in benefits for medium companies — also known by jargon middle market🇧🇷

With more than 120,000 lives insured, and premiums of 280 million reais, Brokers has been operating for 32 years as a boutique consultancy with personalized health care and insurance projects.

Brokers’ current management team, led by the main partners Marcelo Schaimberg🇧🇷 Ricardo J. Levy and Paulo Chut will remain at the forefront of the company’s operations, as will the other executives.

Why the operation is relevant

“Over more than 30 years in the market, Brokers has become a successful broker, but we are certain that this integration into the MDS Group will allow the broker to further accelerate its growth plan,” said Schaimberg.

For Ariel Couto, CEO of MDS Brasil, the purchase of Brokers brings significant gains in the generation of value for both companies and their clients.

“The acquisition strengthens our health and benefits business unit and consolidates us among the largest brokers of that segment. In addition to a highly qualified team, Brokers brings us strong knowledge and experience in managing clients in the middle segment, which is strategic for us. Although it also has businesses in equity risks, financial risk liabilities, its portfolio is mostly made up of clients in the benefit segment who now have access to all our products and services”, he said.

The acquisition is strategic because the insurance sector has been growing in recent years after suffering a setback in the Brazilian economic crisis that began in 2014. Some signs of this:

• In Brazil, there are 49 million beneficiaries in health plans
• This is the best brand for the sector since 2015
• In 2021, the insurance sector grew 11.9%, compared to just 1.3% in 2020

Who is the MDS Group

Founded 35 years ago and headquartered in Porto, Portugal, MDS is a multinational safe and reinsurancein addition to risk consulting and corporate benefits management.

It is one of the main independent brokerages operating in the Portuguese-speaking market.

In addition to Portugal, it is present in:

• Brazil
• Angola
• Mozambique

And, outside the Portuguese-speaking world, it is at:

It is one of the pioneering Portuguese-speaking brokerages to be a member of Lloyd’s, an arrangement of insurers, reinsurers and brokers with some sort of connection to the London financial market, where Lloyd’s was founded in 1688.

Worldwide, the size of the MDS Group is as follows:

• €900 million in managed insurance premiums
• 1.2 million private and business customers

O The Ardonagh Group is one of the main independent insurance distribution platforms in the world, present in 150 countries and with 9,000 employees.

Since the beginning of December, the MDS Group has been part of Ardonagh Global Partners, an operation founded in January 2021 to invest in leading organizations in insurance and risk consulting🇧🇷

Source: Exam