British insurance coverage middleman PIB Group has agreed to accumulate Thoma Exploitatie BV, a Dutch business strains insurance coverage dealer and its subsidiaries, from Guardian Holdings.
The acquisition varieties a part of PIB Group’s European enlargement technique, additional strengthening its Dutch portfolio, which incorporates mild insurance coverage and specialty insurer Risqwise, within the Benelux area.
Established in 1959, Thoma gives providers together with threat 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 mentioned: “The acquisition of Thoma is a testomony to the crew’s profitable monitor file and tenacity of development within the area.
“Its long-standing historical past, excellent enterprise efficiency, and confirmed M&A and integration capabilities supply a pretty alternative for PIB Group to leverage native perception and information in Benelux.”
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PIB Group Europe CEO Onno Jansen mentioned: “Along with Thoma we can be nicely positioned to behave as a hub for additional enlargement on this crucial 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 mentioned: “We’re delighted to announce the mixing of Thoma into PIB Group topic to approval. PIB Group’s management, tradition and enlargement plans align with Thoma’s ambition. With our experience and robust monitor file we anticipate to see sturdy 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 strains of enterprise.
