PIB Group has acquired Zorab Insurance Services (ZIS) – a specialist insurance broker providing marine and P&C corporate insurance solutions.
Founded by David Zorab, ZIS is a team of nine professionals headquartered in Romsey, Hampshire, with a satellite office in Palma, Mallorca. ZIS boasts a global reach, and takes a hands-on, 24/7 approach to supporting its primarily high net worth client base. The broker combines technical expertise and personal experience to serve a broad range of marine-related fields – from racing to pleasure cruising, and from working on the boats to building the crafts.
“I am very excited that Zorab Insurance Services has become part of PIB Group,” said ZIS founder and CEO David Zorab. “Our ambition has always been to remain focused on being a niche player. When we started to consider a new home, we felt PIB was a natural fit because of their own focus on attracting specialist businesses. We are looking forward to being part of a bigger entity, while being able to retain our unique selling points and continuing to invest in and growing our team.”
Zorab added that ZIS was excited that PIB’s investment would allow the team to “flourish for many more years,” while delivering more benefits and advantages to both the company and its clients.
“Our USP is that we are a specialist broker, so we can talk directly to an owner or their yacht manager using our wealth of knowledge to speak sensibly, and truly understand what our clients
requirements might be,” added ZIS managing director Fiona Milsom. “We’re hands-on and known in the marketplace for solving problems. We’re very proud of our team spirit, and excited about becoming part of PIB and collaborating with our new colleagues.”
According to a release, PIB Group’s acquisition of ZIS enhances the former’s specialisms division, which is led by Zach Gray. The division comprises specialist business lines such as private clients, risk management, international / global capabilities, trade credit, small business and Solicitors PI.
“We are absolutely delighted to welcome David, Fiona and everyone at Zorab Insurance Services who are highly unique in what they do,” said PIB Group specialisms managing director Zach Gray. “The unrivalled knowledge and experience in related marine classes offered by the team will be a fantastic boost to our division and our broader network of experts across the whole of PIB Group.”
“Zorab Insurance Services are a fantastic niche provider to join our portfolio of businesses who are ‘famous for something,’” commented PIB Group CEO Brendan McManus. “David, Fiona and the whole team bring with them a huge amount of expertise in their field and a well-earned reputation on the global sailing scene. We look forward to investing in their ongoing success and future.”
