FCA signs off on PIB's £24m Jigsaw buy
The Financial Conduct Authority has approved PIB buying Jigsaw Insurance Services Plc, as the consolidator eyes a significant push into the personal lines market.
The £24.12m cash deal was first revealed in November.
Related PIB swoops for personal lines specialist Jigsaw InsurancePIB is poised to buy broker Jigsaw for up to £24.12m in cash, marking a step in personal lines for the consolidator
Jigsaw specialises in the motor, breakdown and pet segments of the UK market. It reported £14.21m of revenue for the year ended 31 March 2022.
The aggregator participant, whose brands include breakdown service rescuemycar.com, NCI Insurance for
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