PIB
Backed by private equity firms Apax Funds (since 2021) and The Carlyle Group from its launch in 2015, PIB has grown rapidly through acquisitions and by employing individuals with a wealth of knowledge and experience in the insurance market.
The PIB Group offers a range of specialist teams, products, and services to clients and has offices throughout the UK, Channel Islands, Ireland, Germany, Poland, Denmark, Spain, the Netherlands, Italy and Romania.
PIB 2021 deal costs total £85.5m
PIB Group spent £85.5m in 2021 snapping up eight businesses, the broker’s annual report has revealed with revenue growing to over £230m including 9% organic growth.
PIB buys beauty specialist Balens
PIB has added Worcestershire-based broker Balens to its portfolio adding health, wellbeing, fitness and beauty insurance to its list of specialisms.
In Depth: The impact of flooding on HNW clients
Sam Barrett examines the future for flood insurance in the high-net-worth space
PIB adds to Spanish portfolio
PIB Group has bought Spanish broker Tractio.
Analysis: Network knowledge is key to opening the door to new start-ups
The network sector is in upbeat mood confident of growing with existing and new members as well as being keen to help new start-ups come into the insurance market, the leaders tell Emmanuel Kenning
The Irish broker market: Consolidation and compliance
David Worsfold visits the Emerald Isle to learn more about how the broker market is developing and asks if the next wave of consolidation will be an Irish one
Biba develops trade credit guide
The British Insurance Brokers’ Association has launched a new guide explaining the need for, and the benefits of, trade credit insurance.
PIB snaps up international wholesale specialty broker Guest Krieger
The London Market broker writes specialty business mainly emanating from Israel but also from more than 30 other countries.
PIB buys Bailey Garner (Health & Safety)
The deal adds nearly 20 staff to the consolidator’s risk management business taking the total headcount to approaching 80.
Aviva partners with Broker Network after a decade apart
The provider also works with Bravo Networks' other proposition, Compass.
Analysis: Spotlight falls on personal lines amid consolidation frenzy
After a record breaking year for deals by value and volume, specialists analyse what is driving the market and where the acquisition rush will go next. Emmanuel Kenning reports.
PIB reshuffles management team
The changes include Adrian Colosso becoming chairman of its specialty business and Bernard Macgeean set to become chair of Q Underwriting and PIB’s Schemes & Affinities.
PIB adds Brokers Union to international portfolio
The deal adds to PIB's presence in Poland, a market it entered in 2020 with its buy of WDB.
PIB buys Dublin-based broker
Tierneys is the consolidator's fifth investment in Ireland.
PIB moves into the Dutch market
The consolidator has added Amsterdam-based Light Insurance to its international portfolio.
Market Analysis: Broking consolidation from 2010 to today – how the top 100 has changed
Insurance Age content director Jonathan Swift charts consolidation among the top 100 intermediaries from 2010 to today and reflects on the biggest winners in terms of M&A success
PIB adds to EU portfolio with Ireland’s Campion
Campion, which was established in 1984, is the third retail business PIB has bought in Ireland.
In Depth: The influence of the MGA space on schemes
Cristina Diciu explores the impact of MGAs on schemes, and examines what brokers can do to capitalise on the competitive environment, in part two of our series with Travelers.
PIB expands into Spain
Consolidator buys Cicor in its first acquisition in the Spanish market as it continues its European expansion.
PIB extends its reach across Ireland
The broker has furthered its expansion across the country by striking a deal with Oliver Murphy Insurance Brokers.
PIB buys in Nottingham
JRT Insurance Brokers is PIB's eighth deal this year and will be integrated into its specialty division, PIB Insurance Brokers.
PIB's 2020 deal spend revealed
The consolidator's accounts show it spent a total of £92.8m on deals during the year, as it also reports increases in turnover and Ebitda.
PIB buys Simply Insurance Services
The broker said the deal would bulk up its motor offering as it also reveals it is retiring the aQmen, TFP Schemes and Thistle brands which form its Q Underwriting division.
People Moves: 16 - 20 August 2021
The latest job moves in the world of insurance and broking.