Blog: PIB is living rent free in peoples’ heads
The insurance industry can’t keep a potential PIB sale out of their mouths – and when they’re not talking about it, they’re thinking about it.
Rumours of PIB selling up have been swirling since speculation in March 2024 surrounded its backers Carlyle and Apax wanting to cash in on their investments.
Rumours that solidified when Gallagher emerged as the preferred bidder, only for both sides to fail to find an agreement – with differences over price understood to be a major sticking point.
Since then PIB has been keeping a relatively low profile, although last week the group announced the expansion of its portfolio MGA company Acquinex
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
Broker awaiting trial on embezzlement charges
The Financial Conduct has secured a bankruptcy order against Arthur Temlett.
Axa considers 60 redundancies after commercial and retail merger
Axa Insurance UK has put 60 employees in its risk, conduct and governance across various sites in the UK at risk of redundancy.
In-house claims teams at MGAs rising up broker priority list
Commercial motor brokers overwhelmingly prefer managing general agents with in-house claims teams, according to research by Direct Commercial.
Ex-Hiscox boss Bronek Masojada poised to take on Lord Mayor of London role year early
Bronek Masojada is set to take on the Lord Mayor of London role a year ahead of schedule.
The new shape of broking – consolidation, investment and the next generation of broker businesses
Broker Expo 2026 Countdown: New ownership models, private investment and entrepreneurial broker groups are creating different opportunities for firms to grow while maintaining their identity. Ahead of the Expo panel session next week Rachel Gordon explores this topic.
Ageas’ Claire Green on why listening, innovation and partnership matter more than ever
As director of distribution at Ageas, Claire Green works closely with brokers across the UK, giving her a front-row seat to the opportunities, challenges and evolving trends shaping the industry. Ahead of Broker Expo 2026, she shares what she’s most looking forward to at this year’s event and why listening to brokers remains more important than ever.
Poor claims experiences impact broker placement as Travelers tops satisfaction list
Half of brokers who have had an unsatisfactory commercial insurance claims experience are unlikely to place business with the same insurer in the following 12 months.
Blog: Supporting insurance people when they need us most
Victoria Sutton, marketing and communications manager at The Insurance Charity, explains why it is engaging with Broker Expo at the NEC on 8 October and what it can do to help brokers in need.