PIB Group, which recently made headlines with its announcement that it will be implementing a major rebrand across 12 of its businesses, has today revealed its full-year results for the year ended December 31, 2019. The key highlights include revenue of £123.3 million, which is an increase of 15% in comparison to 2018, a gross written premium of £986 million and organic revenue growth of 8%.
PIB’s divisions continued to evolve during the year, especially within its speciality sector, which accounts for 49.4% of the group’s revenues. It saw the addition of Steve Redgwell as CEO in January 2020 and will operate as PIB Insurance Brokers from October 2020. Its MGA division, meanwhile, is now known as ‘Q Underwriting’ following a move to unite PIB’s specialist MGA businesses under a new parent brand. This MGA division accounts for 14% of the group’s revenue.
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