This transaction confirms the GGW Group's strategy of accelerating its presence in the Spanish insurance market. Following an initial acquisition in Barcelona at the beginning of the year (which enabled it to add the 30 employees and €3 million in revenue of the acquired company), the group has now acquired Costa Serra, a family-owned company based in Badalona (a few kilometers north of Barcelona) and in business since 1989. Costa Serra is a recognized player in the region. The company serves 15,000 customers and manages more than 100,000 insurance policies, ranging from health and personal protection to home insurance, professional insurance, and cybersecurity. It generated €5.4 million in revenue in 2024 and employs 42 people across its offices in Badalona, Manresa, and Gavà.
With this move, GGW confirms its desire to accelerate its footprint in Spain, a market considered strategic for its development. Indeed, according to a recent study, the Spanish insurance market (life + non-life) is estimated to be worth $98.5 billion in 2025 and is expected to reach $135.0 billion by 2030, with an annual growth rate of 6.5% over the period 2025–2030. Over the same period, the average growth rate for Western European countries is expected to be 3.8%.
In a market that remains highly fragmented, with several thousand independent brokers operating, Spain is undergoing a phase of accelerated consolidation. The digitization of customer journeys and the emergence of more complex insurance needs, such as cybersecurity and health, are pushing players to join forces to increase efficiency. GGW is therefore bringing all its brokers together within a single network called Leading Brokers United, which allows resources to be pooled while maintaining proximity to customers.
