PIB Group acquires Erskine Murray Insurance Brokers
October 30, 2020
PIB Group Limited (‘PIB’) has acquired Erskine Murray Insurance Brokers, which comes one day after announcing that PIB has acquired Arlington Insurance Services Ltd.
Headquartered in Leicester, Erskine Murray formed in 2012 as an independent commercial lines broker, though its origins can be traced back to more than 50 years. Following a number of acquisitions and through organic growth, it has evolved to become an innovative and forward-thinking business, which also boasts Chartered status. The core lines of business will complement those of PIB which include Corporate and Commercial, specialist SME, High Net Worth and Private Clients, plus value-add services such as Risk Management, Employee Benefits, and an inhouse claims handling service.
Brendan McManus, CEO for PIB Group commented: “I’d like to give a very warm welcome to everyone at Erskine Murray, which is another fantastic business to be joining PIB Group. This represents a strong strategic fit thanks to a range of complementary attributes including their core lines of business, focus on clients and excellent service, and investment in people. While their geography will see our national footprint expand further, clients of Erskine Murray can continue to enjoy a professional, local and friendly service while accessing extra capability from the broader Group offering. I look forward to seeing the business flourish further with PIB’s investment and support.”
Erskine Murray is formed of 90 employees based across Leicester, Ellesmere Port, Houghton Regis and Wakes Colne, along with field-based Account Executives who have access to major insurers and niche markets. All employees will remain following completion of the deal.
Tom Bartleet, CEO for Erskine Murray commented: “I’m delighted that Erskine Murray has become part of PIB Group. Over the past few years, we have established a great business that I am immensely proud of, and today marks the next phase in our evolution and success. With PIB’s investment, we look forward to meeting the growing aspirations of our clients and colleagues by building upon our growth, skills and reputation to take our business to the next level.”
This is PIB’s largest acquisition to date this year in terms of headcount, following on from UKinsuranceNET with 51 employees. Total headcount for PIB now stands at around 1400 people, and the Group has celebrated several milestones recently including being ranked 203 in the Sunday Times PwC Top Track 250 league table and having achieved Chartered status for its PIB Insurance Brokers division.