PIB Group has acquired BK Insurance Brokers, an independent brokerage based in Croydon, Surrey for an undisclosed amount.

The financial details of the transactions are not disclosed yet.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

This is PIB’s 26th acquisition since its launch in 2015.

BK Insurance Brokers offers insurance solutions to property, corporate, private clients and SME sectors.

The firm is said to have access, partner or scheme status with more than 100 different insurance markets, arranging over 10,000 policies every year.

BK Insurance Brokers managing director Shilpesh Patel said: “Since our formation almost 40 years ago, BK Insurance Brokers has enjoyed providing bespoke insurance solutions to meet the needs of our clients.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Joining PIB Group is a great opportunity which enables us to continue with our growth ambitions, while playing our part in helping the Group to meet its long-term ambitions.

“We are looking forward to being part of a wider Group and working with an extended network of experts for the benefit of our clients and our people.”

Post-merger, BK Insurance’s team will continue to operate under its managing director Paul Denton.

PIB Group CEO Brendan McManus said: “We look forward to collaborating with our new colleagues to open up our specialisms for the benefit of their clients. Likewise, Shilpesh and his team will complement and further strengthen our broad range of products and services across the Group.”

Last month, PIB Group acquired Sanlam employee benefits division and client book of business from Sanlam Wealth Planning UK.

The employee benefits division is said to have specialists who support the needs of all types of companies ranging from small, family-run businesses to large, globally recognised firms.