PIB buys Cobra

Deal

PIB Group has bought the Cobra group of companies, taking the amount of premium placed or influenced by PIB from £550m to £900m, Insurance Age can reveal.

The deal is subject to regulatory approval and is PIB’s 20th investment since 2016. It most recently bought Optis Insurances in Ireland in February.

Following the Optis purchase, PIB chief executive officer Brendan McManus stated that the business wants to expand into more countries in Europe. PIB is also currently looking to raise £100m -

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: