The first acquisition involves Ernesto Solari Assicurazioni, a Genoa-based insurance brokerage with a 40-year history. The acquisition expands GBSAPRI’s geographic reach in Italy and complements its existing expertise.
“We are excited to join forces with GBSAPRI Group,” said Luca Solari, Partner and CEO of Ernesto Solari Assicurazioni. “We strongly identify with GBSAPRI’s values and commitment to excellence, and we see this investment as a natural continuation of our own legacy. We look forward to collaborating with Carlo Bassi and the GBSAPRI team to further solidify our position as a leading player in the Italian insurance brokerage market.”
In a separate move, GBSAPRI acquired Seabridge Insurance Broker, a prominent Lugano-based firm specializing in Marine Cargo, Credit, and Fine Arts insurance. This acquisition marks GBSAPRI’s entry into the Swiss market.
Both acquisitions align with GBSAPRI’s strategy of acquiring leading insurance brokers to enhance its service offerings and expand its market presence.
“The Solari family and Tito Gherardi’s extensive experience and deep industry knowledge make Ernesto Solari Assicurazioni a perfect partner for GBSAPRI as we continue our journey to become the premier independent insurance broker in Italy,” said Carlo Maria Bassi, CEO of GBSAPRI Group. “We are delighted to welcome Luca Solari and Tito Gherardi to our group of shareholders.”
Commenting on the Seabridge Insurance acquisition, he added: “Seabridge’s expertise, particularly Matteo Solari’s extensive experience in marine cargo insurance and risk management for prestigious international companies, made them an ideal partner for GBSAPRI. This investment strengthens our commitment to becoming the premier independent Italian insurance broker by uniting highly professional firms.”
Matteo Solari, Owner and CEO of Seabridge, added: “This partnership presents significant growth potential for Seabridge. I am confident that collaboration with Carlo Bassi and the GBSAPRI team will create valuable synergies, expanding business opportunities in the marine cargo sector and contributing to the Group’s international development.”