PIB Insurance Brokers (PIB), has finalised the acquisitions of independent commercial insurance broker, Cooke & Mason, and specialist insurance firm, Fish Insurance.
The transactions, which were initially announced back in February and which have been subject to regulatory approval are the first two investments by PIB since The Carlyle Group acquired a significant equity stake in 2015, a process which has also completed today.
Cooke & Mason is one of the UK’s leading Chartered Insurance Brokers, ranked in the country’s top 75 and employing over 120 insurance, claims and risk management specialists along with customer service and support staff. Formed in 1976 the success of the business has been built on commitment to customer service and the delivery of quality solutions.
Fish Insurance is a Preston-based UK specialist insurance firm that has provided insurance for forty years to those with pre-existing medical conditions, mobility issues and disabilities.
Brendan McManus, the CEO of PIB, said: “We are pleased to have completed the deals with Fish Insurance and Cooke & Mason and the associated FCA approval processes. We now look forward to working with our new colleagues in these great insurance businesses and providing clients with the highest levels of bespoke service and expertise.”