With the acquisition, PIB Group is looking to expand its presence in the Benelux region. Credit: VideoFlow/Shutterstock.

British insurance intermediary PIB Group has agreed to acquire Thoma Exploitatie BV, a Dutch commercial lines insurance broker and its subsidiaries, from Guardian Holdings.

The acquisition forms part of PIB Group’s European expansion strategy, further strengthening its Dutch portfolio, which includes light insurance and specialty insurer Risqwise, in the Benelux region.

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Established in 1959, Thoma offers services including risk management, insurance and pension advisory.

Its product portfolio spans health solutions, property, liability, life protection, motor and transportation.

PIB Group CEO Brendan McManus said: “The acquisition of Thoma is a testament to the team’s successful track record and tenacity of growth in the region.

“Its long-standing history, outstanding business performance, and proven M&A and integration capabilities offer an attractive opportunity for PIB Group to leverage local insight and knowledge in Benelux.”

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PIB Group Europe CEO Onno Jansen said: “Together with Thoma we will be well placed to act as a hub for further expansion in this very important market.”

This move is supported by Apax Funds and the Carlyle Group, reinforcing PIB Group’s ambition to consolidate specialist insurance distribution across Europe. 

Thoma CEO Aernoud Hage said: “We are delighted to announce the integration of Thoma into PIB Group subject to approval. PIB Group’s leadership, culture and expansion plans align with Thoma’s ambition. With our expertise and strong track record we expect to see strong growth in this partnership.”

The deal awaits regulatory clearance in the Netherlands.

In September 2024, PIB Group acquired Nottingham-based RS Insurance Brokers for an undisclosed sum.

RS Insurance Brokers focuses on fleet and professional indemnity lines of business.