PIB
Since its formation in 2015, PIB Group has grown to become a highly diversified insurance distribution consolidator focusing on specialist commercial lines and non-standard personal lines products with deep expertise across both direct and B2B distribution through its broking, underwriting and network divisions. In 2021, PIB Group secured further investment from Apax partners, and re-investment from PIB’s existing investor since 2015, The Carlyle Group.
PIB features in the Insurance Age Top 75 UK Brokers listing. Find out what other companies made the cut.
"End of an era" as Phil Bayles moves from Aviva to Ardonagh
Brokers say they are "confident" that Gareth Hemming will enable a continuity of strategy at Aviva as they react to Phil Bayles' surprise exit from the provider.
Analysis: The future of the networks model
Following on from GRP's surprise purchase of Marsh Networks, Martin Friel investigates how consolidation is changing the networks landscape.
PIB looks to Ireland for expansion
The consolidator has extended its reach in Ireland with its buy of retail broker, Creane & Creane.
In-depth - claims: Trends and changes
Covid-19 has had a significant effect on claims in the commercial insurance space
Chris Giles steps down as PIB chairman
Giles, who helped create the business, remains an investor.
PIB buys specialist M&A MGA Acquinex Group in European move
Acquinex has offices in London, Frankfurt, Warsaw and Copenhagen and the deal, which follows investment from Apax, is the consolidator's third this year.
Consolidation of the consolidators next step as broker M&A targets reduce
IMAS director John Nisbet discusses how consolidators can continue to grow and warns that private equity backers could move on from the sector as a result of a “diminishing opportunity” in the broking market.
PIB buys Staffordshire broker in second deal of 2021
Element Hinton specialises in construction, waste, engineering and leisure and the deal follows investment into PIB by Apax Partners.
Private equity behind 71% of UK broker deals in 2020
Exclusive: Mazars' Simon Fitzsimmons discusses why the broking sector is attractive to private equity and international investment and predicts we will see fewer larger deals in 2021.
Q Underwriting launches property and package division
The line is supported by capacity from Ergo UK Specialty which is part of Munich Re.
PIB’s Brendan McManus lifts lid on Apax deal
The leader says brokers have become even more popular with private equity investors following Covid-19 as many have sustained performance and kept hold of revenue despite the pandemic.
PIB sold to Apax funds
The investment is set to “accelerate strategic M&A” for the broker as it is also confirmed that former backer, the Carlyle Group, has retained a minority stake in the business.
PIB reveals its first deal of 2021
The consolidator has purchased construction specialist UK & Ireland Insurance Services.
Barbon Insurance Group bought by PIB
The deal also signals leadership change for the specialist intermediary.
PIB expands into Poland with fresh deal
The business says it plans further growth in its European operations as it buys Polish broker WBD.
Willis IRM expands into London as it launches Arden Insurance Brokers
Belfast-based broker says it expects its GWP to grow to over £55m within the next twelve months as it hires Mark Hicks to lead the new business and Jonathon de Mendonça joins from Willis Towers Watson.
PIB's McManus lifts the lid on Erskine Murray lockdown deal
The CEO tells Insurance Age how the deal came about and discusses plans for the future and how the pandemic is slowing the buying process down.
Erskine Murray joins PIB stable
All employees of the Leicester-headquartered broker will remain with the business following completion of PIB’s largest deal to date.
PIB makes 32nd deal
PIB Group has bought London-based real-estate insurance specialists, Arlington Insurance Services for an undisclosed sum.
Advisory forum created to help small businesses recover post pandemic
Seven industry figures have joined the forum which was launched by Peach Pi to collaborate on improving relationships with consumers and within the industry.
PIB Risk Services gets Chartered status
The accreditation comes as several parts of the firm have rebranded as PIB Insurance Brokers.
A-Plan deal sees Howden become "new force" in regional broker space
What next for Howden following the investment from HG and its buy of A-Plan? Insurance Age talks to key experts.
UK Broker Awards – Meet the Shortlist – Commercial Lines Broker of the Year
The lifeblood of brokers is SME business. This award picks out the best of the bunch when it comes to serving commercial clients.
PIB buys Rigton Insurance
Acquisition of Leeds-based broker follows hot on the heels of deals for UKinsuranceNET and Marx Re-Insurance Brokers