PIB makes double acquisition announcement

money-stacks

PIB Group has announced the acquisitions of CMR Insurance Services and Sue Smith Ltd for undisclosed sums.

CMR provides managed credit insurance policies, as well as claims and debt collection services, for firms selling in the UK and abroad. PIB said the company tailors solutions and support for firms irrespective of size or sector.

The firm carries about £3m in gross written premium and employs 12 staff.

Christian Hoy, co-founder of CMR, commented: “Our team strives to provide the highest

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