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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Granite launches 25+ vehicle taxi fleet product
Granite Underwriting has launched a 25+ vehicle taxi fleet product, covering private hire and public hire vehicles.
Lloyd’s reveals “strong” underwriting performance and “disciplined” growth in 2025
Lloyd’s has revealed a 4.2% hike in gross written premium to £57.9bn in 2025, and a new five-year strategy, as pre-tax profit broke through the £10bn barrier.
Staffordshire-based broker makes first deal under Momentum Equity Partners
Bartlett James Risk Solutions has purchased fellow Momentum appointed representative IPC, marking the first Momentum Equity Partners deal.
FCA to join Biba on autumn regional tour again
The British Insurance Brokers’ Association has confirmed the Financial Conduct Authority will again join its Tour of the Regions in the autumn.
CFC launches quality defect endorsement for product recall worldwide
CFC has launched a quality defect endorsement claiming it offers the ‘broadest version’ available worldwide.
Sodalis buys MGA Amiga Specialty
Sodalis Capital, the recently created investment venture focused on international insurance intermediaries, has snapped up managing general agent Amiga Specialty in a £1.8m deal that sees private equity house BP Marsh exit but keep a stake in the new owner.
EY creates two UK insurance sub sectors and names new leaders
EY has created two sub sectors, commercial and specialty; and life, pensions and personal lines, in response to the “rapidly changing shape of the UK insurance industry”.
Blog: The evolving role of AI in the insurance claims process
With it almost certain that AI is being used somewhere in the claims process, Simon Murray, head of insurance digital and business services at law firm DWF, tackles the upsides and the downsides, looks at what might come next and the key questions for brokers.