British insurance coverage middleman PIB Group has agreed to amass Thoma Exploitatie BV, a Dutch business traces insurance coverage dealer and its subsidiaries, from Guardian Holdings.
The acquisition types 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 presents 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 stated: “The acquisition of Thoma is a testomony to the group’s profitable observe report and tenacity of progress 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 stated: “Along with Thoma we can be properly 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 combination 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 powerful observe report we count on to see robust progress 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.
