Sabseg buys pet-insurance broker Kalibo to lead Aragón market

What's the deal? Insurance broker SABSEGDealroom has a profile for this one. Try Dealroom → has acquired Kalibo Correduría de SegurosDealroom has a profile for this one. Try Dealroom →, an Aragón-based brokerage specialising in pet insurance, for an undisclosed sum. The deal makes SABSEG the largest brokerage in the Aragón region.

By the numbers: Kalibo intermediated €23 million in premiums in 2025, serving roughly 44,000 clients.

What's the endgame? The acquisition fits SABSEG's strategy of expanding its territorial reach and technical capabilities by absorbing brokerages that lead their local markets and specialities. Kalibo's pet-insurance portfolio gives SABSEG a foothold in a segment it frames as having strong growth potential.

What they're saying: SABSEG called Kalibo "one of the reference brokerages in Spain, with broad experience and a specialised portfolio" (translated from Spanish). Kalibo chief executive officer Miguel de las Morenas said the integration lets the firm "keep the essence and knowledge we have built over the years, while adding new capabilities and resources to keep growing."

What's next? The deal is subject to the usual regulatory approvals. Miralles & SerraDealroom has a profile for this one. Try Dealroom → advised on commercial matters, RCDDealroom has a profile for this one. Try Dealroom → served as legal adviser, DeloitteDealroom has a profile for this one. Try Dealroom → as financial adviser, and MesanaDealroom has a profile for this one. Try Dealroom → and XP AdvisoryDealroom has a profile for this one. Try Dealroom → on M&A; Cremades & Calvo-SoteloDealroom has a profile for this one. Try Dealroom → advised Kalibo.

The signal: SABSEG's move reflects continued consolidation among Spanish insurance brokerages, with larger players buying specialists to expand both regionally and into niche lines such as pet cover.

Read more: forbes.es

Image credit: Mountain/\Ash