The SPB group, which designs and administers affinity insurance
programmes, is announcing the acquisition of two insurance services
firms: PC Garant in Germany and Citymain in the UK. By establishing
itself in these two key insurance markets the group is consolidating its
presence in Europe. SPB is pursuing an acquisition-led expansion
strategy to tap into new sources of growth while helping clients
implement their Europe-wide services programmes.
The SPB group, which designs and administers affinity insurance programmes, negotiated a complex economic environment in 2009 with mixed results, achieving sustained business volumes but slower growth and lower operating profit.
This year began with new prospects for European development through the acquisition of two insurance services companies in Germany and the UK.
15/03/2010 - SPB Group leads the European phone Insurance market
SPB Group has recently strengthened its leadership in the European market for mobile phone insurance, a market with high potential, as confirmed by a recent study from Finaccord*, a UK company specialised in Europe-wide research in the affinity insurance sector.
