Irish commercial insurance broker Fingal Insurance Group has been acquired by London-headquartered intermediary PIB Group.
Without disclosing financial terms of the transaction, PIB said the swoop is part of the company’s ambitious international expansion plans not only in Ireland but across Europe. Described as a “key territory for investment” for PIB, Ireland is home to other recently snapped up firms such as Campion Insurance, Creane & Creane, Oliver Murphy, and Alan Tierney & Partners.
“I’m delighted Fingal Insurance Group has become part of PIB Group which will mark the next step in our evolution,” commented Fingal managing director Conor McCarthy, whose camp will continue to operate from Swords. “For 40 years, Fingal Insurance Group has enjoyed building strong relationships with our customers to service their insurance needs.
“At the same time, the professionalism, dedication, and teamwork of our employees have played an important part in our company’s growth and success. Our loyal customer base is testament to our team’s excellent focus on price and service. Getting to join a big partner like PIB is a very positive step for our clients as well as our staff. We very much look forward to playing an active part in PIB’s growth and success in Ireland.”
Welcoming the 18-strong roster, PIB chief executive Brendan McManus said he was “absolutely thrilled” to have Fingal onboard.
The CEO stated: “They bring decades of experience in the construction and transport sectors, which will broaden our growing proposition in Ireland and choice of products for customers. Through PIB’s investment I look forward to seeing the company continue to succeed while enjoying many new opportunities and leveraging the strength of being part of a bigger group.
“They’ll also be in good hands as they start to connect with new colleagues in Ireland who will do a grand job in helping them to settle in.”
