CONSULBROKERS takes majority stake in IGB INSURANCE GOLD BROKERS

Consulbrokers acquired IGB Insurance Gold Brokers, the Naples-based insurance brokerage specialising in healthcare cover, in a deal agreed in 2025 and completed in Milan on 15 January. Founder and chief executive Angelo Coviello sold the business, stayed on as chief executive of IGB and also took charge of the healthcare division for the Campania region at Consulbrokers. IGB brought revenue of €4M to the group, whose pro-forma turnover rose to about 20 million euros, against roughly 7 million euros at the end of 2024. The deal was the fifth add-on completed by Consulbrokers in 2025, after ProBroker, Intermedia IB, which handles insurance for public administrations, Etisicura, in motor and fine arts cover, and a 49.5% stake in GB Intermediazioni Assicurative. Consulbrokers said it intended to keep up a pace of up to one acquisition a month in 2026, with two further deals already well advanced, as part of a plan to reach 80 million euros of revenue by 2028, partly financed by a significant debt transaction. The acquisition fitted into the wider Italian strategy of J.C. Flowers, which has controlled Consulbrokers since October 2024 and coordinates its Italian insurance brokerage holdings through the OneItalia Alliance holding company, alongside Enablia, the former Wefox Italy acquired in May 2025. Phoenix Capital acted as financial advisor to IGB through its corporate finance and M&A division, with Solving as legal counsel. BonelliErede advised Consulbrokers on the corporate, M&A and banking aspects, with beLab Transaction Services on due diligence.