PIB Group take reinsurance step with German broker buy
The business has purchased Marx Re-Insurance Brokers which is based in Munich.
PIB Group has bought Marx Re-Insurance Brokers, a reinsurance and insurance broking company with a global network of clients. It has a major focus on asset-based business, primarily in property and construction, power generation and renewable energy sourced from Europe and Latin America.
According to the broker the move reflects PIB’s ongoing ambition of international expansion and widens the group’s proposition into providing reinsurance solutions.
International
Brendan McManus, CEO for PIB
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