+Simple acquired OM Subscription

+Simple , a European insurance distribution platform for small businesses, announced the acquisition of OM Suscripción de Riesgos (Spanish underwriting agency specializing in surety insurance, owned by Grupo Morera y Vallejo). This acquisition strengthens +Simple’s presence in the Spanish insurance market and expands its portfolio of products and services. OM Suscripción de Riesgos is the leading underwriting agency specializing in surety insurance for SMEs in the construction sector in Spain.

OM distributes in particular the products of the French insurer MIC Insurance in Spain, owned by Grupo Morera y Vallejo. With approximately 15% of the Spanish surety insurance market, OM Suscripción de Riesgos is a major player in a fast-growing market in Spain. The acquisition of OM Suscripción de Riesgos by +Simple presents a highly synergistic opportunity.