Grupo Catalana Occidente

Headquarters

Grupo Catalana Occidente is one of the leaders in the Spanish insurance and credit insurance sector.

History

The origins of Catalana Occidente go back to the constitution of the Catalan Society of Fire Insurance known as "La Catalana", promoted by Fernando de Delás and Gelpí in 1864. This society was the embryo of the 'Current Catalan Group Occidente.

In 1948, Jesús Serra Santamans and a group of industrialists acquired the Western society, which, years later, in 1959, would take over the control of "La Catalana". With the merger of the two companies, the Catalan Group Occident begins to be outlined. In 1963 it becomes the first insurer in Spain to incorporate computer science into insurance management and in the early seventies it moves its headquarters to the town of Sant Cugat del Vallès, in Catalonia. Since 1878 the company is trading on the Barcelona Stock Exchange and in 1997 it began to be contributed to the continuous market.

Its consolidation as one of the most important Spanish capital insurance groups is, in large part, a result of its model of acquisitions, through which it has integrated several leading companies into its business or geographical area.

The Catalan Group Occident opts for a model of integration that maintains the autonomy of acquired companies, as well as their trademarks and distribution networks, thus incorporating in the matrix all the knowledge and experience of the management team and professional of the company acquired.

After fifteen years, implementing this acquisition policy, the group has multiplied its volume of business by eight, to reach 4.560 million euros. Also, since 1999, the solvency and permanent resources have been multiplied by fourteen, to 4,660 million euros.

This trajectory began in 1999 with the acquisition of an insurance multinational (MNA), which later became insurance Catalan Occidente, and continued in 2000 with the purchase of credit and caution, an operation that turned the group into the leader. In Spain of the credit insurance business. A year later, the company entered the bouquet of the deaths of Lepant and Nortehispana (now Nortehispana Seguros) and three years later, in 2004, the acquisition of Seguros Bilbao, one of the historical companies in the Basque Country, It allowed him to significantly increase his presence in the northern part of Spain. In 2008, with the integration of Atradius, the group became one of the largest credit insurance operators.

Another acquisition was Groupama's (today Plus Ultra Seguros), carried out between 2012 and 2015, with which the group managed to strengthen its presence in a channel as strategic as that of insurance runners. Finally, on April 6, 2016, the Catalan Group Occident agreed to the acquisition of the Bilbaina Previous Group, thus strengthening its competitive position in decision insurance.

References

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