PIB buys Citynet Insurance Brokers
Consolidator has made 12 deals in the past 19 months.
PIB Group has bought Citynet Insurance Brokers for an undisclosed sum.
The deal is the 12th investment made by PIB in 19 months, and follows the purchases of aQmen Underwriting, Morton Michel and Franklands in the past six months.
Citynet is a London-based Lloyd’s broker which places commercial business into the London market on behalf of UK and Irish intermediaries. It was founded 17 years ago.
Specialisms
According to PIB the firm’s specialisms include liability, motor fleet, property and
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