Press release

Söderberg & Partners takes a majority stake in Ruiz Re, a leading Spanish Insurance Broker

Ruiz Re is a leading Spanish Insurance Brokerage company based in Lorca (Murcia) with over 90 FTEs and present across the entire national territory with approximately 80 local offices. The company provides services to over 150k personal and corporate clients brokering more than €65m in gross written premiums. 

Gustaf Rentzhog, Chief Executive Officer of Söderberg & Partners, said: “In Ruiz Re we have partnered up a family business founded over 50 years ago with an impressive growth trajectory and even more potential to continue to provide quality services to clients across the region. Investing in Spanish Insurance Brokerage companies has proven to be successful, and we are delighted to be able to support Ruiz Re’s ambitions for the future.”

Juan David Ruiz, CEO of Ruiz Re, commented: “We are very pleased to welcome Söderberg & Partners in this new journey together and this long-term partnership will allow us to fulfil our intended goals for the coming years. This investment allows us to enhance our service offerings and tap into a broader network of expertise.”

Having joined the family business over 25 years ago and with significant experience in the Insurance Brokerage industry, Juan David has a proven track-record of implementing growth initiatives at Ruiz Re. Together with Söderberg & Partners, Juan David will become a key person in the ongoing consolidation process in Spain and accelerate the intended business plan over the coming years.

After having partnered up with ERSM and Grupo Galilea over the last two years, this investment reinforces Söderberg & Partner’s strategy to invest in Spanish Insurance Brokerage firms and support their growth. With over €100m revenue in Spain, the company has positioned itself, together with its partners, as one of the leading players in the market.