PIB Group continues M&A spree with new deal

Move adds to its specialty and employee benefits division

PIB Group continues M&A spree with new deal

Insurance News

By Mika Pangilinan

PIB Group has announced the acquisition of RBIG Limited, including RBIG Corporate Risk Services and RBIG Financial Services.

RBIG is based in North West England and was established in 1981. It offers general business insurance expertise, as well as trade credit, high net worth, and financial services offerings. It also boasts in-house claims experts as part of the company’s hands-on approach.

A Press release from PIB called the acquisition a move to enhance its specialty and employee benefits divisions.

“RBIG’s strong reputation, client-focussed approach, and proven ability to understand, identify, and meet client needs complements the entrepreneurial spirit that exists across our family,” said Andy White, managing director for PIB’s northern specialty division. “We’re so pleased to welcome the team and look forward to investing in RBIG to drive further growth together.”

RBIG has been a member of the Cobra Network for 15 years. PIB acquired the broker network in 2019, and the latter has since been able to leverage the group’s scale to provide various advantages to its membership.

Under PIB ownership, RBIG will remain under the leadership of Stephen Hodgson, Geoff Gregory, and Stephen Astles. Hodgson, who serves as commercial director, said joining PIB will bring “huge benefits” to RBIG’s team and clients.

“We’re thrilled to be entering this exciting new chapter, having been impressed at how business under PIB’s investment have continued to thrive,” said Hodgson. “We chose PIB because of the group’s strength, scale, and the many opportunities that we can unlock, to deliver even better and more comprehensive products or services for our clients.

“Our aligned thinking and culture around personal client focus and high service standards has also been a key influencer in our decision in choosing PIB as our new home for the future.”

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