Gallagher tipped to win the race for PIB
A deal for Gallagher to buy PIB is said to be “80% done”, sister title Insurance Post has revealed.
According to the article, multiple market sources have indicated the takeover is imminent. Previous reports have suggested a valuation of over £3.75bn.
Both Gallagher and PIB declined to comment on “speculation” and “market rumours” when approached by Insurance Age.
RelatedNews analysis: If PIB has reached an end game with Carlyle and Apax, what next?As speculation mounts that PIB’s backers Carlyle and Apax want to cash in on their investments, content director Jonathan Swift explores how the
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