FCA signs off on PIB's £24m Jigsaw buy

merger-jigsaw

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 Insurance

PIB 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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