PIB Group buys Lorica

Deal

Lorica Insurance Brokers has been bought by PIB Group for an undisclosed sum.

The deal is PIB’s thirteenth investment in 21 months.

Lorica will continue to be led by joint CEOs Stefan Puttnam and Carlo Marelli.

Puttnam is responsible for broking and finance operations while Marelli oversees the operations side of the business including compliance, claims, IT, HR and marketing.

They are supported by a management team and approximately 100 employees located across a network of nine branches

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