March R.S. acquires the insurance brokerage Llerandi Consultores
12 May 2021 Category: Agreements
March Risk Solutions (March R.S.), the wholly owned subsidiary of Banca March and the leading Spanish-owned specialist insurance broker, acquired the insurance brokerage Llerandi Consultores.
- With this operation, the specialist insurance broker of the Banca March group consolidates itself as one of the main agents in the Logistics and Transport sector.
March Risk Solutions (March R.S.), the wholly owned subsidiary of Banca March and the leading Spanish-owned specialist insurance broker, acquired the insurance brokerage Llerandi Consultores. The operation, already approved by the Directorate General for Insurance, consolidates MARCH R.S.'s commitment to specialisation through the incorporation of one of the leading brokers in the Logistics and Transport sector, which has a team of professionals with an extensive background and specialisation in the sector.
Llerandi Consultores, founded in 1984 is a prestigious broker specialising in the intermediation of insurance and risk management for logistics operators, shipping agents and transport agencies, loaders, manufacturers and distributors, as well as other companies owning vehicle fleets. The broker, which works with the main national international insurers of the Spanish market, has a professional team of 23 people.
After the incorporation, MARCH R.S., the leading brokerage firm with only Spanish capital, has consolidated itself as one of the leading specialist brokers on the market, thus reinforcing the continued growth trend that it has been experiencing over the last few years, to reach more than €250 million in intermediated premiums.
For Alfonso García Larríu, the Chief Executive Officer of March R.S., “the acquisition of Llerandi Consultores allows us to reinforce our presence in the logistics and transport sector, which has enormous potential for growth at this time. The specialisation and capacity of Llerandi Consultores fits perfectly into our specialisation strategy, by accompanying Spanish companies in their national and international projects. In the case of the Logistics and Transport sector, Spain is a global leader and companies need partners with guarantees to efficiently manage their international risk management programmes.
Jorge Llerandi Serrano, the chairman of Llerandi Consultores, expressed his satisfaction at joining a project with the robustness and ambition such as that currently leading March R.S. "We particularly value the harmony with their management style and their specialisation companies. This agreement represents a leap in quality in the range of services for our clients, with a top-class team of professionals and support in the growing internationalisation of logistics and e-commerce. We have all the tools and capabilities to continue being the trusted partners of our customers in the area of risk and insurance".
"People are important and for our team this represents a unique opportunity for professional and personal development, as well as to consolidate a family project as successful and recognised in the sector", added Jorge Llerandi Serrano.