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 Salisbury, CEO for PIB Group’s Specialty Division (which also includes Cooke & Mason, D E Ford, Channel Insurance, Wilby, Franklands and PIB Risk Management) commented: “2018 has been a year of positive transition within our division. We have focused on drawing together our businesses into a more coherent and increasingly collaborative team.”
PIB Insurance Brokers is the original PIB Group company whose specialisms include professional indemnity, trade credit, property and construction. Their offering is strengthened by Lorica Insurance Brokers who focus on property, casualty, motor fleet, professional lines and technology. Key specialisms include theme parks and amusement arcades through its Leisure division, as well as real estate specialising in Property Owners Business.
Nigel Salisbury, added: “When Lorica came on board there was an obvious opportunity to collaborate and bring the specialisms together with PIB Insurance Brokers. Clients will benefit and enjoy access to an even wider breadth of products and services across the two businesses, with excellent service at the core.”
While the two businesses will continue to trade under their established separate brands, their identities and logos have been aligned. At the helm is Stefan Puttnam as MD who will drive collaboration and coordinate the 15 branches across the UK with over 200 employees.
Stefan Puttnam, MD for PIB and for Lorica commented: “Our clients should experience minimal disruption and relationships remain with their day-to-day contacts. However, the breadth of offering is now much more accessible through our new entity and combined resources. I’m looking forward to 2019 and the opportunities ahead. We are supported by a strong leadership team and experts across the country so that we can continue to evolve and put our clients’ best interests first.”
About PIB Group
PIB Group launched in 2015 and has grown rapidly through acquisitions and by employing outstanding individuals with a wealth of knowledge and experience in the insurance market. PIB Group has invested in 18 businesses to date which include: PIB Insurance Brokers, Cooke & Mason, PIB Risk Management, Fish Insurance, Channel Insurance Brokers, PIB Employee Benefits, QPI Legal, Thistle Insurance Services, Thistle Underwriting, TFP Schemes, D E Ford, Franklands, Morton Michel, aQmen Underwriting, Citynet Insurance Brokers, Lorica Insurance Brokers, Wilby, Lincsafe, i2 Healthcare, Albany Childcare and Wheatley Wright. The Group offers a range of specialist teams, products and services to clients throughout the UK and Channel Islands and operates from a growing network of offices currently in London, the Midlands, the North, Scotland, East Anglia and the South West, as well as Guernsey. For more information please visit www.pibgroup.co.uk.