PIB Group acquires real-estate insurance specialist Arlington Insurance
British insurance intermediary group PIB Group has acquired London-based real-estate insurance specialist Arlington Insurance Services for an undisclosed price.
Founded in 2005, Arlington Insurance Services offers customized insurance broking service to professional property investors across the real estate sector. The company mainly focuses on commercial property assets.
Arlington Insurance Services also provides professional indemnity, and directors and officers covers, and also a small number of retail and commercial risks for a broad range of clients from its office located in Bristol.
Brendan McManus – CEO for PIB Group said: “I’d like to extend a warm welcome to everyone at Arlington Insurance Services to PIB Group. As an experienced team of property insurance broking professionals who have consistently grown their business, they are an attractive investment opportunity for PIB.
“Their excellent client care is reflected through their loyal customer base and strong relationships with a broad range of insurers. I look forward to seeing the team reach their considerable potential through PIB’s investment.”
PIB Group acquires real-estate insurance specialist Arlington Insurance Services
Arlington Insurance Services comprises a dozen individuals, who are said to have deep experience in the real estate insurance sector and also significant knowledge of the real estate market.
PIB Group said that the acquisition will strengthen its existing offering in property and construction insurance.
Nick Watts – Managing Director for Arlington Insurance Services said: “We’re delighted that Arlington Insurance Services has been acquired by PIB Group, which marks an exciting milestone in our 15-year history.
“With the backing of PIB, we can develop the full potential and profile of the business while continuing our client-centric approach and excellent relationships with many leading real estate insurers.
“We also look forward to enjoying the benefits that come with being part of a wider group, including enhanced career prospects and collaborating with new colleagues to achieve the best client outcomes.”
Arlington Insurance Services marks the 32nd acquisition made by PIB Group, which follow its three investments over the summer with Rigton Insurance Services, UKinsuranceNET, and Marx Re-Insurance Brokers.