June 16, 2022
PIB Group Ltd (‘PIB’) has extended its footprint in Ireland again through the acquisition of Fingal Insurance Group (‘Fingal’). The leading commercial insurance broker which boasts a 40 year history and services customers nationally, are well known as specialists in the construction and transport sectors. The newcomers join PIB’s growing portfolio of businesses in Ireland, as part of the Group’s ambitious international expansion plans in the country and across Europe.
Brendan McManus, CEO for PIB Group commented: “Welcome to everyone at Fingal insurance Group! I am absolutely thrilled that Conor, Jim and their team have become part of PIB Group. 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.”
About Fingal Insurance Group
With a heritage that extends 40 years with origins that date back to 1982, Fingal Insurance Group is one of Ireland’s leading commercial insurance brokers known for their expertise in the construction and transport (logistics and haulage) sectors. The company has enjoyed expansion under the leadership of the existing management team since the mid-90’s, who at the time secured a unique scheme in the market for plant / machinery insurance. The scheme was one of the pillars of success to Fingal’s development, and continues to operate today.
Conor McCarthy, MD for Fingal commented: “I’m delighted Fingal Insurance Group has become part of PIB Group which will mark the next step in our evolution. For forty 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 teams 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.”
The 18-strong team will continue to service customers country-wide from their base in Swords, the county town of Fingal and around 10km north of Dublin city. They are not complete strangers to PIB however and are already familiar faces to PIB’s London Market broker, Citynet.
Conor McCarthy commented: “We were introduced to PIB through our relationship with Citynet that extends over many years because of their expertise in construction and heavy risk. As our conversations evolved and the more we heard about PIB, it sounded like an impressive organisation. The diversity of opportunity is very attractive and hearing the ethos of other companies who have been bought by the Group has made us feel very comfortable about our future.”
PIB has acquired a number of Irish businesses in quick succession in less than twelve months. These include Campion Insurance, Creane & Creane, Oliver Murphy, and Alan Tierney & Partners, with more expected in the coming weeks and months as a key territory for investment.