The broker is PIB's 26th deal and operates in the property, corporate, private clients and SME sectors.
Cyber liability has been added to the cover alongside a number of additional features.
Exclusive: Research from Mazars shows 83% of brokers feel that the current levels of consolidation are sustainable.
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Readers were most interested by closures at Swinton in August, as PIB announced its intention to seek a new investor by 2021.
Firm has provided a daily rate insurance product through PIB-owned Cooke & Mason since 2004.
Group will purchase CMR Insurance Services and Sue Smith Ltd subject to regulatory approval.
The organisation reported a loss in the year due to costs relating to the PIB deal but all other metrics showed growth.