January 26, 2022
PIB Group Ltd (‘PIB’) has completed its acquisition of Campion Insurance (‘Campion’) and Oliver Murphy Insurance Brokers based in Ireland, following regulatory approval.
The two deals were announced in 2021 as part of PIB’s continued international expansion strategy, with Ireland as a key territory for investment. Their arrival boosts PIB’s existing footprint in the country currently represented through Optis Insurance and Creane & Creane Insurance.
Brendan McManus, CEO for PIB Group commented: “What a great way to start the new year by giving an official warm welcome to everyone at Campion Insurance and at Oliver Murphy to our PIB Group family! They join us in Ireland at the start of another exciting year at PIB. In 2021, we saw growth across Europe including Denmark, the Netherlands, Germany, Poland and Spain. For 2022, we can look forward to keeping up the momentum with our acquisitive growth, while also remaining focused on growing organic business and looking after our clients.”
Earlier this week, PIB announced its acquisition of Alan Tierney & Partners (pending regulatory approval), also based in Ireland.
Campion is one of the country’s largest insurance brokers, with a strong brand and reputation as a trusted advisor with specialist sector knowledge across three lines of business for Commercial Insurance, Personal Insurance and Life & Pensions. Campion’s company model has a strong focus on both organic and acquisitive growth, which creates an important platform for further growth in Ireland for PIB.
Jim Campion, CEO for Campion Insurance commented: “I’m delighted that Campion Insurance is now officially part of PIB Group. It is testament to the hard work of our dedicated people and loyal customers who are behind our success to date, that we are in the position to play a key role in driving PIB’s expansion in the Irish market. We are excited about what lies ahead, and very attracted by the opportunity to continue our acquisition activity through the strength and scale offered by PIB.”
Oliver Murphy Insurance Brokers
Oliver Murphy Insurance Brokers is a well-respected regional personal and commercial lines insurance broker offering customers an extensive range of insurance solutions and services across commercial, personal lines and financial planning advice. They are also a member of the Brokerline Direct (BLD) network which further enhances their product offering for clients.
Oliver Murphy (Junior), Managing Director, commented: “I’m delighted that Oliver Murphy Insurance Brokers has become part of PIB Group and to help build PIB’s presence in Ireland. I’d like to say a massive thank you to our fantastic people and loyal customers who have helped to build the successful business that we are today, and I look forward to continuing those strong relationships for many more years to come.”
PIB Group in 2022
Looking ahead it’s business as usual for PIB’s newest arrivals and their customers. As 2022 gets underway, PIB will continue to expand throughout Ireland alongside other European destinations as part of its broader strategy of building a leading pan-European commercial insurance brokerage.