PIB CEO hails ‘milestone’ as it buys MGA
PIB Group has acquired specialist litigation insurance managing general agent Litica.
Litica was created in London in 2019 by co-founding directors Stephen Bolster and Steve Ruffle. The MGA specialises in a range of insurance-backed solutions for private and corporate clients involved in litigation or arbitration.
It has since expanded its operations to Australia, the US and Germany. The firm claims to have a large panel of insurer backers and is a Lloyd’s coverholder, which “enables [it] to underwrite a range of complex and high value litigation types”.
The takeover marks the
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