Just days after its swoop for Purfleet-based Simply Insurance, PIB Group has expanded its footprint in the North with its acquisition of JRT Insurance Brokers.
Founded in 2015 and based in Nottingham, JRT is an independent insurance broker with specialisations in the construction, care, hospitality, and leisure industries. The firm’s 14-member team is led by commercial insurance director Richard Bright and director Justin Thornhill.
In a statement, PIB Group confirmed that JRT will integrate into its specialty division and join its East Midlands businesses across Retford, Lincoln, Leicester and Derby.
The division, which is known externally as PIB Insurance Brokers, includes the group’s specialist commercial lines brokers, supported by in-house claims handling and a risk management team.
Steve Redgewell, chief executive officer of PIB Insurance Brokers, extended his welcome to the JRT team.
“They are another boost to our division as we continue to build our niche and specialist offering for the benefit of local and national clients,” said Redgewell. “We look forward to collaborating with our new colleagues whose ambition, entrepreneurial spirit, and client focus are complementary to our culture and growth goals.”
Brendan McManus, CEO of PIB Group, also offered a “very warm welcome” to JRT, adding that the acquisition would “bolster PIB’s Northern presence.”
“Richard and Justin have built a very successful business thanks to the hard work and support of their experienced team and loyal clients,” said McManus. “We look forward to investing in JRT and providing them with the ammunition to keep growing through the support of our experts, and additional facilities, products and services.”
For his part, JRT’s Bright called the acquisition a “fantastic moment for JRT.”
“We were attracted to PIB because they have acquired a number of quality brokers in our region previously, they have a strong management team, broad expertise, and share our commitment to provide quality products and services to clients,” said Bright. “It’s the icing on the cake to be able to access the group’s additional firepower and assistance for the benefit of both our clients and colleagues – a real added value for our business.”
