Tim Chadwick joins PIB Group as Chief Risk Officer

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PIB Group (‘PIB’) has announced that Tim Chadwick will be joining Chief Risk Officer for PIB Group (subject to FCA approval), with effect from 30 September. Tim joins from JLT as Group Head of Enterprise Risk Management and has also held senior roles with Willis, AON and RSA throughout his career which spans over 25 years. He will report to … Read More

PIB Group announces CEO for newly acquired COBRA Network

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Andy Tedstone

LONDON, July 2019 PIB Group Limited (‘PIB’) has completed its acquisition of The COBRA group of companies (‘COBRA’) following FCA regulatory approval. COBRA is a network-centric proposition to independent insurance intermediaries and provides a wide range of services for its Network members, agents and clients through its four main operating platforms: COBRA Network, COBRA Underwriting Agencies, COBRA London Markets and … Read More

PIB Group announces 2018 Full Year Results and Debt refinancing

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PIB Group Limited (‘PIB’ or the ‘Group’) has released its financial results for the year ended 31 December 2018 with the filing of its statutory accounts. The Group has also secured the support of several new lenders to refinance its existing term loan facility and raised an additional committed acquisition facility. GROUP FINANCIAL HIGHLIGHTS Revenue of £106.8m, an increase of … Read More

PIB Group acquires The COBRA group of companies

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PIB Group Limited (‘PIB’) has acquired The COBRA group of companies (‘COBRA’), subject to FCA regulatory approval. This is PIB’s 20th investment since 2016 and follows on from PIB’s acquisition of Optis Insurances Ltd in Ireland earlier this year. COBRA is a network-centric proposition to independent insurance intermediaries and provides a wide range of services for its Network members, agents … Read More

Q Underwriting unveils new team: Q Property

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Q Underwriting Services Limited (‘Q Underwriting’) unites PIB Group’s Underwriting division and comprises MGAs aQmen Underwriting Services, TFP Schemes and Thistle Underwriting Services. Q Underwriting has now unveiled another specialist commercial team: Q Property Underwriting Services (‘Q Property’), which provides a technical, personal approach to underwriting commercial combined, non-standard or complex commercial property risks, business interruption and packages. Read more … Read More

Second annual Gender Pay Gap report for PIB Group

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The Gender Pay Gap is a government initiative and an annual requirement where business leaders must publish high-level data on pay within their organisation to show the pay difference in the average pay between all men and women. Organisations across the UK which employ 250 or more people are required to report basic data from a ‘snapshot’ date of 5 … Read More

PIB Group expands into Irish marketplace

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PIB Group (‘PIB’) has acquired Optis Insurances Limited (‘Optis’), a Managing General Agent based in Ireland servicing the Irish SME sector. This is the 19th acquisition made by PIB and forms part of its European growth plans. Established in 2008, Optis operates as a Managing General Agent for a number of A rated insurers. The business has grown rapidly and … Read More

Q Underwriting opens for business

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Q Underwriting Services Ltd (‘Q Underwriting’ or ‘Q’), has officially opened for business. The new legal and regulated entity unites three specialist MGA businesses which represent the underwriting division of PIB Group. As of 1 January 2019, aQmen Underwriting Services, TFP Schemes and Thistle Underwriting Services are now part of Q Underwriting and share a common Terms of Business Agreement … Read More

PIB and Lorica combine broking expertise for client benefit

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PIB Group has combined the talent and resources of two of its businesses (PIB Insurance Brokers and Lorica Insurance Brokers), in order to operate as one entity for the benefit of clients. The move is in response to PIB Group’s acquisition of Lorica earlier this year which has a similar size, geographic footprint and specialisms as PIB Insurance Brokers. Nigel … Read More

PIB Group features in the Insurance Age Top 100 Independent Brokers 2018

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PIB Group has featured in this year’s Insurance Age Top 100 Independent Brokers 2018, being place in the £500m to £749.99m band – moving up two bands from last year. Published each year by Insurance Age, the Top 100 supplement compiles industry wide data to form the go-to source for information on the insurance industry market and monitors market trends. … Read More