PIB Group has welcomed Damus Acquisitions Holdings Ltd as part of its rapidly growing insurance intermediary.
Formed from two businesses – BHP Community Ltd (trading as BHP Insurance) and Keegan Meredith & Williams Insurances Ltd (KMW) – Damus’ addition adds to PIB’s growth in Ireland and builds on the previous eight businesses the insurance intermediary had acquired in the region.
BHP is a commercial broker based in West Dublin with 23 staff. According to a release, it is the only not-for-profit focused broker in the Irish market with deep sector knowledge and three schemes targeting the non-for-profit space. Meanwhile, KMW is a commercial broker based in South Dublin with seven staff. It boasts strong sports and general commercial insurance expertise.
Damus will strengthen PIB’s portfolio of businesses within its Irish division, which is led by Campion Insurance, a company release said. The addition of its two offices and 30 employees brings PIB’s total headcount in Ireland to 350.
“We are delighted that BHP and KMW have now joined the growing PIB team in Ireland,” said BHP Insurance managing director Martina Westphal. “Collaborating with Melior Equity Partners over the past year and a half has delivered impressive results for our business and has also led to this very positive, strategic step of BHP partnering with PIB Group. This is great news for our customers and employees.”
The move comes shortly after, PIB Group acquired the Lincolnshire-based safety consultancy services provider Emprocom Ltd. With the addition of Emprocom, PIB Group’s risk management unit has grown to over 100 staff.
