Insurance Age

PIB buys TFP Schemes

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The deal was for an undisclosed sum with PIB stating it will strengthen its MGA proposition.

PIB Group (PIB) has acquired TFP Schemes for an undisclosed sum.

Insurance Age revealed in October last year that market experts thought a deal could be concluded within months.

The acquisition of TFP Schemes marks the seventh investment by PIB in 2016, since the global asset manager The Carlyle Group acquired a significant equity stake in PIB in December 2015.

Brendan McManus, CEO of PIB, commented: "We are very excited by the acquisition of TFP Schemes.

"The business is a leading provider

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