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.
PIB spent £75.6m on deals in 2019
CFO Ryan Brown says the consolidator has a "very healthy pipeline" of future acquisitions, as PIB's GWP hits £986m.
PIB buys Stockton-based UKinsuranceNET
Deal is PIB's 30th as the consolidator confirms it has several more in the pipeline.
PIB culls top brands in its commercial specialty businesses
Move sees brokers including Cooke & Mason, DE Ford, Franklands, Lorica, Wilby and Cobra Insurance Brokers unite under the PIB Insurance Brokers brand.
Brokers mixed response to Black Lives Matter
Updated: Some have pledged an “anti-racist” approach but there is little ethnicity data available to measure performance.
Eight Cobra-joiners since February
CEO Andy Tedstone shares how the network is changing under his leadership.
PIB Group take reinsurance step with German broker buy
The business has purchased Marx Re-Insurance Brokers which is based in Munich.
Insurance Covidcast episode 17: As coronavirus hits has Brexit planning fallen by the wayside?
Our expert panel warns that brokers with EU trade who haven't acted already may have left it too late.
Head Lines: Mental health support for insurance workers
As Mental Health Awareness Week draws to a close Insurance Age asks what employers are doing for the people keeping the industry moving as they cope with Covid-19.
Covid-19: Are brokers taking pay cuts to get through the crisis?
After Aon stated that 70% of its staff are expected to take reductions in salary as the business tackles the economic impact of the coronavirus, other UK brokers reveal a mixed approach to the situation.
Covid-19: Broker M&A numbers predicted to drop
But the consolidators say their models have not changed as a result of the coronavirus.
Blog: When is a consolidator, not a consolidator? The question Barton, Jelf and Reid’s Partners& hopes to answer
This week saw the launch of new broking business Partners&, bringing together a quintet of players to form a business which is positioning itself as distinctly anti-consolidator. Insurance Age content director Jonathan Swift looks at what this means; and…
Covid-19: Brokers ban meetings and push remote working
Updated: The largest brokers in the UK revealed measures in place to protect staff and customers from coronavirus.
PIB makes motor trade move
The organisation has purchased a Top 100 broker to strengthen its motor proposition.
In-depth - cyber: Are brokers protecting themselves against cyber risks?
As well as selling the benefits of cyber insurance to clients, brokers must show the way by being ready for any data breaches or cyber attacks. Sam Barrett reports
News analysis: Networks come under pressure
With Marsh merging its three networks under one banner and consolidation continuing to reduce the pool of potential broker members, Martin Friel investigates what the future holds for networks.
PIB buys Croydon-based BK Insurance Brokers
The broker is PIB's 26th deal and operates in the property, corporate, private clients and SME sectors.
aQmen refreshes recruitment product
Cyber liability has been added to the cover alongside a number of additional features.
Consolidators behind half of broker deals in 2019
Exclusive: Research from Mazars shows 83% of brokers feel that the current levels of consolidation are sustainable.
People Moves Round-up: 13-17 January
Keep up to date with the latest market moves.
2019 in review: August's top stories
Readers were most interested by closures at Swinton in August, as PIB announced its intention to seek a new investor by 2021.
PIB acquires motor specialist Cooper Solutions
Firm has provided a daily rate insurance product through PIB-owned Cooke & Mason since 2004.
PIB makes double acquisition announcement
Group will purchase CMR Insurance Services and Sue Smith Ltd subject to regulatory approval.
Cobra Group delivers stable revenue
The organisation reported a loss in the year due to costs relating to the PIB deal but all other metrics showed growth.