Wide Group Acquires A.I.C. Broker S.r.l.
July 31, 2024
Wide Group, the Pollen Street-backed Italian commercial broking consolidator, has acquired A.I.C. Broker S.r.l (AIC), a commercial lines insurance broker based in the Abruzzo region of Italy. AIC—specializing in construction and engineering insurance and with intermediated premiums growing from €8m in 2019 to an expected ~€40m in 2024—will join Wide Group with senior AIC leadership joining as partners while founder Alessandro D'Ilario remains involved.
- Buyers
- Wide Group, Pollen Street Capital
- Targets
- A.I.C. Broker S.r.l
- Platforms
- Wide Group
- Industry
- Insurance
- Location
- Abruzzo, Italy
- Transaction Type
- Addon
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