The deal is expected to bolster PIB’s reach across the Midlands region. Credit: David Gyung/Shutterstock.

British insurance intermediary PIB Group has continued its deal-making spree with the acquisition of Nottingham-based RS Insurance Brokers. 

Financial terms of the transaction remain undisclosed.  

Related Company Profiles

View all

The acquired company, which focuses on fleet and professional indemnity lines of business, expands PIB’s portfolio of specialist offerings.  

It is expected to bolster PIB’s reach across the Midlands region.  

As part of the acquisition, eight RS employees will join PIB.  

RS managing director Karll Smith said: “One of the selling points for PIB is that I will get to do full time the best bit of my job, which is to go out and win business and make new relationships with clients. We had multiple offers and PIB’s terms were the best for everybody involved.  

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.

“I get to keep running the business the way I run it now and I get to grow it as fast as I can. Because winning a deal and servicing clients is what gives me a great buzz and being part of PIB means I can focus 100% of my time on clients with access to bigger markets.” 

PIB Insurance Brokers regional managing director for North East and East Midlands Charlie Upton said: “I am delighted that Karll Smith chose PIB to invest in his business and join our growing success story. As a remarkable leader, he will have the chance to elevate his business to new heights with the investment that comes with an acquisition like this.” 

In July, PIB reached a conditional deal to acquire Nord Group in a bid to expand its operations in central and eastern Europe. 

With around 250 experts in Poland, Nord Group is engaged in offering risk management, insurance and reinsurance solutions. 

It serves clients in varied sectors such as public sector, financial services, construction, energy and healthcare. 

In April, PIB bought STEIN Bestasig Insurance Broker, marking its entry into the Romanian market.