PIB buys Channel Insurance Brokers
Guernsey-based firm is PIB's third acquisition.
PIB Insurance has bought Guernsey-based Channel Insurance Brokers (CIB) for an undisclosed sum.
Following the deal, Stephen Llewellyn-Jones has been appointed as CIB's chief executive officer and will lead the team alongside the broker's executive directors Bob Marquis and Alex Lindsay.
CIB has 16 staff and has commercial and private clients across Guernsey, Alderney, Jersey and Sark.
The broker is PIB's third acquisition, following the purchases of Fish Insurance and Cooke & Mason.
In December
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