September 2, 2021
Simply Insurance Services Ltd (‘Simply Insurance’) is the newest addition to the growing family of specialist businesses at PIB Group Ltd (‘PIB’). The acquisition of the wheels-based business represents an exciting step as it will strengthen PIB’s unique motor offering that delivers tailored solutions to the automotive sector.
Established in 2000 and based in Purfleet in Essex, Simply Insurance offers road risks solutions for VSME customers. It was originally formed by CEO Mark Oldrey, who found a niche in motorcycle business. Today the business offers motor trade insurance and has diversified into a multi-product commercial motor insurance provider, arranging insurance for driving tuition and motor fleet. Non-motor commercial and other policies are also arranged on request for existing motor clients.
Darren Leader, Director for Simply Insurance commented: “This is a very exciting time for Simply Insurance as we become part of a larger group through PIB, which offers a strong cultural fit and opportunities for growth. Through PIB our customers can choose from a broader range of products and services while receiving the same high levels of service they are accustomed to. At the same time our people can continue developing through extensive learning resources and career options available. I’d like to take this opportunity to thank our fantastic team and clients who have contributed to our success now and into the future.”
The 40 strong team will remain following completion of the deal to provide specialist solutions for around 8000 clients nationally via telephone. As they integrate into PIB, their expertise will complete PIB’s motor offering. The collaborative practice is formed of PIB Insurance Brokers, Cooper Solutions and PIB Risk Management who work with clients to deliver key sector insight, and help manage existing and emerging risks, and to improve profitability.
Brendan McManus, CEO for PIB Group commented: “I’d like to extend a very warm welcome to everyone at Simply Insurance Services who are another brilliant addition to PIB Group. Their investment in technology to support their experienced team in providing specialist road risks solutions means that they perfectly align and complement our motor offering. I look forward to seeing the business grow through PIB’s investment and support to achieve further success.”
This is PIB’s 42nd acquisition to date, and seventh of 2021. More work is happening behind the scenes to secure several more transactions for further expansion in the UK and overseas.