PIB Group has acquired broker RBIG.
The deal includes RBIG Corporate Risk Services and RBIG Financial Services.
While RBIG provides general business insurance expertise as well as trade credit, high net worth and financial services offerings, RBIG Financial Services offers advice on private medical and protection insurance including group life assurance, critical illness and income protection.
The business will remain under the ongoing leadership of Stephen Hodgson, Geoff Gregory and Stephen Astles.
Terms of the deal were not disclosed.
Andy White, managing director for the Northern Specialty Division, PIB Group, said: “The addition of RBIG Limited to the growing PIB Group family, is another great development for our speciality division.
“RBIG’s strong reputation, client focused approach and proven ability to understand, identify, and meet client needs, complements the entrepreneurial spirit that exists across our family.
“We’re so pleased to welcome the team and look forward to investing in RBIG to drive further growth together.”
Stephen Hodgson, commercial director, said: “Joining the PIB family will bring huge benefits to our fantastic team and longstanding clients, who have played an important part in our success to date.
“We’re thrilled to be entering this exciting new chapter, having been impressed at how business under PIB’s investment have continued to thrive.
“We chose PIB because of the group’s strength, scale and the many opportunities that we can unlock, to deliver even better and more comprehensive products or services for our clients.
“Our aligned thinking and culture around personal client focus and high service standards has also been a key influencer in our decision in choosing PIB as our new home for the future.”
