PIB Group continues expansion in Europe

Acquired business brings aviation, construction, and jewellery expertise

PIB Group continues expansion in Europe

Mergers & Acquisitions

By Terry Gangcuangco

UK-headquartered intermediary PIB Group, which entered the Spanish market in October 2021, has expanded further in the country by acquiring Fidentia Hispana Correduria De Seguros, S.L.

“I would like to give a warm welcome to our new colleagues at Fidentia, who join our growing team of industry specialists,” said PIB Spain chief executive Martín Navaz (pictured above). “Their arrival puts us in an even stronger position to serve clients across a broader range of sectors.”

Fidentia specialises in the aviation, jewellery, and construction sectors. The business will continue to be led by managing director Miguel Calvo.

“This is a special moment for our team as we become part of a bigger company,” commented Calvo in a release. “Fidentia’s expertise brings to the PIB Group a major presence and deep-rooted knowledge of the jewellery and aviation sectors.

“Our many long-standing clients, including some of over 30 years, is testament to the Fidentia’s team commitment and success. Joining PIB Group is the natural next step in our evolution.”

PIB Europe CEO Onno Janssen (pictured immediately above), meanwhile, talked about the group’s continuing expansion in the continent.

“In Europe’s highly fragmented broker market, these acquisitions and the evolution of PIB Group bring exceptional service and knowledge to ever-increasing numbers of clients,” he declared. “We are focussed on creating the best-in-class offering for clients across markets and industries.

“I’m delighted to welcome everyone at Fidentia who will play an important part of our story. We are building a strong presence in Europe, and we’ll be adding even more specialist brokers to our group as the year progresses.”

PIB has acquired nearly 80 businesses across the UK and Europe since 2015.

Financial terms of the Fidentia transaction were not disclosed.

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