PBS on verge of underwriter merger

PBS Holdings has announced the proposed merger of two of its commercial underwriting agencies, subject to any necessary regulatory approvals.

PBS Holdings (PBSH), the holding company established to bring together Primary Group-owned commercial, agricultural and personal accident underwriting agencies, said that an agreement had been reached to merge two of its largest businesses, Primary Broker Services (PBS) and ATD General (ATD).

The annualised gross written premiums for the new company woul