PIB Group has acquired commercial lines insurance broker and MGA platform Thoma Exploitatie and its subsidiaries in the Netherlands.
The company says this investment marks a strategic milestone in PIB Group’s ongoing European expansion, adding to the existing portfolio of its Dutch subsidiaries, Light Insurance and specialty insurer Risqwise, in the Benelux region.
Thoma Exploitatie provides risk management, insurance and pension advisory to commercial clients and private individuals and offers a wide range of products, including property, liability, motor, transportation, life protection and health solutions through their own MGA.
Brendan McManus, CEO of PIB Group, states: "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.”
Aernoud Hage, CEO of Thoma Exploitatie, comments: “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.”
