PIB Group has combined the talent and resources of two of its businesses (PIB Insurance Brokers and Lorica Insurance Brokers), in order to operate as one entity for the benefit of clients. The move is in response to PIB Group’s acquisition of Lorica earlier this year which has a similar size, geographic footprint and specialisms as PIB Insurance Brokers.
Nigel Salisbury, CEO for PIB Group’s Specialty Division (which also includes Cooke & Mason, D E Ford, Channel Insurance, Wilby, Franklands and PIB Risk Management) commented: “2018 has been a year of positive transition within our division. We have focused on drawing together our businesses into a more coherent and increasingly collaborative team.”
PIB Insurance Brokers is the original PIB Group company whose specialisms include professional indemnity, trade credit, property and construction. Their offering is strengthened by Lorica Insurance Brokers who focus on property, casualty, motor fleet, professional lines and technology. Key specialisms include theme parks and amusement arcades through its Leisure division, as well as real estate specialising in Property Owners Business.
Nigel Salisbury, added: “When Lorica came on board there was an obvious opportunity to collaborate and bring the specialisms together with PIB Insurance Brokers. Clients will benefit and enjoy access to an even wider breadth of products and services across the two businesses, with excellent service at the core.”
While the two businesses will continue to trade under their established separate brands, their identities and logos have been aligned. At the helm is Stefan Puttnam as MD who will drive collaboration and coordinate the 15 branches across the UK with over 200 employees.