PIB Group acquires super yacht experts Zorab Insurance Services

September 20, 2022

Super yacht experts at Zorab Insurance Services Ltd (‘ZIS’) are the latest to have piqued the interest of PIB Group Ltd (‘PIB’). As PIB’s latest acquisition, ZIS has 30 years experience in providing marine, property and corporate insurance solutions to some of the most discerning clients in the world.

The arrival of ZIS further strengthens PIB’s specialisms division, which brings together specific areas of expertise and capability across the Group. Led by Zach Gray, the division is already home to the likes of private clients, risk management, international / global capabilities, trade credit, small business and Solicitors PI.

Zach Gray, Managing Director for Specialisms, commented: “We are absolutely delighted to welcome David, Fiona and everyone at Zorab Insurance Services who are highly unique in what they do. The unrivalled knowledge and experience in related marine classes offered by the team will be a fantastic boost to our division and our broader network of experts across the whole of PIB Group. They provide a new dimension to the exceptional capability we currently have in place, and we are really looking forward to building an even stronger proposition together.”

About Zorab Insurance Services

Founded by David Zorab over 30 years ago, ZIS specialises in super yacht and related marine classes, as well as property and corporate insurance. Today the organisation is formed of a tight-knit team of nine who are headquartered in Romsey, Hampshire as well as a satellite office in Palma, Mallorca. 

David Zorab commented: “I am very excited that Zorab Insurance Services has become part of PIB Group. Our ambition has always been to remain focused on being a niche player. When we started to consider a new home, we felt PIB was a natural fit because of their own focus on attracting specialist businesses. We are looking forward to being part of a bigger entity, while being able to retain our unique selling points and continuing to invest in and growing our team. We are very excited that PIB’s investment will enable us to flourish for many more years and bring more benefits and advantages for our people and our clients.”

Regardless of the location of a yacht, crew, or business, the team takes pride in their global reach to provide optimum cover, as well as a hands-on 24/7 approach to supporting their primarily high net worth client base. 

Their unmatched technical expertise is coupled with their own personal experience in the field; from racing to pleasure cruising, and from working on the boats to building them. 

Fiona Milsom, commented: “Our USP is that we are a specialist broker, so we can talk directly to an owner or their yacht manager using our wealth of knowledge to speak sensibly, and truly understand what our clients requirements might be. We’re hands-on and known in the marketplace for solving problems. We’re very proud of our team spirit, and excited about becoming part of PIB and collaborating with our new colleagues.”

With trading continuing as usual on completion of the deal, clients will enjoy access to the same high levels of service and their usual contacts. They can also look forward to further strengthening their longstanding relationships with the ZIS team who are heavily involved in key prestigious marine events such as yacht shows, regattas, marine trade shows and are proud sponsors of the J-Class Association and St Barths Bucket.

Brendan McManus, CEO for PIB Group commented: “Zorab Insurance Services are a fantastic niche provider to join our portfolio of businesses who are ‘famous for something.’ David, Fiona and the whole team bring with them a huge amount of expertise in their field and a well-earned reputation on the global sailing scene. We look forward to investing in their ongoing success and future.” 

About Zorab Insurance Services (‘ZIS’)

Founded over 30 years ago, ZIS specialises in super yacht and related marine classes, as well as property and corporate insurance for some of the most discerning clients in the World. For more information, visit https://zis.co.uk/