PIB makes 32nd deal
PIB Group has bought London-based real-estate insurance specialists, Arlington Insurance Services for an undisclosed sum.
Arlington, which was established in 2005, offers broking services to professional property investors with a focus on commercial property assets.
PIB detailed that the business also offers Professional Indemnity, and Directors and Officers covers, as well as a small number of retail and commercial risks for a wide variety of clients from a separate office in Bristol.
Expertise
Brendan McManus, CEO for PIB Group commented: “I’d like to extend a warm welcome to everyone at Arlington Insurance Services to PIB Group. As an experienced team of property insurance broking professionals who have consistently grown their business, they are an attractive investment opportunity for PIB.
“Their excellent client care is reflected through their loyal customer base and strong relationships with a broad range of insurers. I look forward to seeing the team reach their considerable potential through PIB’s investment.”
Arlington is formed of 12 individuals and the team will join PIB in order to bolster its existing property and construction offering.
Milestone
Nick Watts, managing director for Arlington Insurance Services, commented: “We’re delighted that Arlington Insurance Services has been acquired by PIB Group, which marks an exciting milestone in our 15-year history.
“With the backing of PIB, we can develop the full potential and profile of the business while continuing our client-centric approach and excellent relationships with many leading real estate insurers. We also look forward to enjoying the benefits that come with being part of a wider group, including enhanced career prospects and collaborating with new colleagues to achieve the best client outcomes.”
This is the 32nd acquisition made by PIB Group, following on from three investments made by PIB Group over the summer with Rigton Insurance Services, UKinsuranceNET and Germany-based Marx Re-Insurance Brokers.
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