Brokers operates in the benefits space. Credit: Photo by Hush Naidoo Jade Photography on Unsplash.

MDS Brazil, a unit of Portuguese broker MDS, has announced the acquisition of Brokers for an undisclosed sum. 

The acquired firm is an insurance intermediary specialising in the benefits sector with a focus on the medium-sized companies’ market.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Brokers, which is a boutique consultancy offering bespoke solutions, has been operating in the market for 32 years. 

Its portfolio comprises more than 120,000 customers with approximately R$280m in premiums. 

MDS Brazil CEO Ariel Couto said: “The acquisition reinforces our health and benefits business unit and consolidates us among the largest brokerages in this segment. In addition to a highly qualified team, Brokers adds strong knowledge and experience in managing clients in the middle segment – which is strategic for us. 

“Although it also has businesses in equity risks, financial risk liabilities, its portfolio is mostly made up of customers in the benefits segment who now have access to all our products and services. It is an initiative that, like the others, aims to make the company better, not just bigger.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Brokers’ existing management team, led by main partners Marcelo Schaimberg, Ricardo J. Levyand, and Paulo Chut will continue to lead the company’s operations. 

According to Chut “the MDS Group has a lot to add to the operation of Brokers and its customers and employees, since customers will have an even greater range of products and services at their disposal and Brokers employees will now have more opportunities to their professional development and growth.”

Early this month, MDS was acquired by UK-based insurance broker Ardonagh Group.