April 19 2023
PIB Group Limited (‘PIB’) has added to its portfolio of businesses and specialisms with the acquisition of St Giles Holdings (Number 2) Limited and St Luke Underwriting Limited (together “St Giles”). An independent broker with over 50 years’ experience in the industry specialising in residential property insurance. This is a valuable addition to the Specialty division within PIB Group.
About St Giles
Founded in 1972, St Giles has offices in London, Liverpool and Ringwood. The business focusses solely on arranging property owners’ insurance and directly related covers for a chosen segment of managing agents and a small number of property owners who value its service-led offering. Its approximately 850 clients give it a leading position in this niche market, and it enjoys an excellent reputation for the quality of its service and delivery, which in turn has gained strong client loyalty. The business has strong and enduring relationships with nearly 100 insurers as well as a dedicated in-house claims team who further help to deepen the relationship with the client.
The business has grown organically through it’s 51 years of trading and looks to continue its growth and success with the muscle market and purchasing power that being part of a larger Group will bring.
Directors, Andy Coulson and Monica Hubbard, will become investors in PIB and remain at the helm when the team joins the Specialty division, which is home to PIB’s specialist commercial lines brokers. Customers can continue to enjoy the same excellent service and delivery and strong relationships with the team as they join PIB.
Steve Redgwell PIB Specialty Division CEO commented “Welcome to everyone at St Giles, we are delighted to have such a specialist niche business join the Specialty Division in PIB Group. Malcolm, Andy and Monica have done an incredible job in growing the business over the years and I have no doubt that growth will continue with PIB. Their reputation exceeds them in their market and their passion and expertise are an obvious attraction for PIB. We look forward to having the team on board and the new opportunities their business will bring for the Group to further bolster our existing products and services.”
St Giles has adopted a whole of market approach with almost all property risks individually brokered to deliver choice and the best outcome for the client. They also offer a number of additional covers related to the core property offering, including terrorism, engineering and D&O / PI, mainly on a brokered basis but also through two small delegated authorities. Directors Monica and Andy commented ‘This is a very exciting time for us, and we are delighted to become part of PIB Group. Choosing PIB was an easy choice for us as their culture and values mirror those of St Giles’s and we knew they would be the perfect fit. We’d like to say a very big thank you to our fantastic team who have been loyal over the years and who have been instrumental in our continued success. Our team remains integral to our future and providing the same excellent service our customers have enjoyed over the years. We would also like to take this opportunity to wish Malcolm Gordon well as he retires from the business.”