British insurance coverage middleman PIB Group has agreed to accumulate Thoma Exploitatie BV, a Dutch industrial traces insurance coverage dealer and its subsidiaries, from Guardian Holdings.
The acquisition varieties a part of PIB Group’s European growth technique, additional strengthening its Dutch portfolio, which incorporates gentle insurance coverage and specialty insurer Risqwise, within the Benelux area.
Established in 1959, Thoma gives providers together with danger administration, insurance coverage and pension advisory.
Its product portfolio spans well being options, property, legal responsibility, life safety, motor and transportation.
PIB Group CEO Brendan McManus stated: “The acquisition of Thoma is a testomony to the crew’s profitable monitor document and tenacity of development within the area.
“Its long-standing historical past, excellent enterprise efficiency, and confirmed M&A and integration capabilities supply a gorgeous alternative for PIB Group to leverage native perception and data in Benelux.”
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PIB Group Europe CEO Onno Jansen stated: “Along with Thoma we will probably be effectively positioned to behave as a hub for additional growth on this essential market.”
This transfer is supported by Apax Funds and the Carlyle Group, reinforcing PIB Group’s ambition to consolidate specialist insurance coverage distribution throughout Europe.
Thoma CEO Aernoud Hage stated: “We’re delighted to announce the mixing of Thoma into PIB Group topic to approval. PIB Group’s management, tradition and growth plans align with Thoma’s ambition. With our experience and robust monitor document we anticipate to see robust development on this partnership.”
The deal awaits regulatory clearance within the Netherlands.
In September 2024, PIB Group acquired Nottingham-based RS Insurance coverage Brokers for an undisclosed sum.
RS Insurance coverage Brokers focuses on fleet {and professional} indemnity traces of enterprise.
