Simply Insurance Services Ltd (Simply Insurance) has today become the newest addition to PIB Group’s growing group of specialist businesses. In a Press release, PIB noted that its purchase of the Purfleet-based firm will strengthen its motor offering,
Simply Insurance, which was established in 2000, offers road risks solutions for VSME customers and was originally formed by CEO Mark Oldrey, who discovered a niche market in the motorcycle business. Today the firm offers motor trade insurance and has evolved into a multi-product commercial motor insurance provider, arranging insurance for driving tuition and motor fleets. Non-motor commercial and other policies are also arranged on request for existing motor clients.
Commenting on the deal, Darren Leader, director for Simply Insurance stated this is a “very exciting” time for Simply Insurance as it becomes part of a larger group through PIB. He noted that PIB offers a strong cultural fit and opportunities for growth and that, through the group, the firm’s customers can choose from a broader range of products and services without sacrificing the high levels of service they are accustomed to.
“At the same time our people can continue developing through extensive learning resources and career options available,” he said. “I’d like to take this opportunity to thank our fantastic team and clients who have contributed to our success now and into the future.”
Simply Insurance’s 40-strong team will remain with the business following the completion of the deal to provide specialist solutions for around 8,000 clients nationally via telephone. PIB noted that as the team integrates into PIB, their expertise will complete PIB’s motor offering – which is formed of PIB Insurance Brokers, Cooper Solutions and PIB Risk Management.
Brendan McManus, CEO for PIB Group, added that he would like to extend a warm welcome to everybody at Simply Insurance, and noted that the deal represents another “brilliant” addition to the group. He hailed Simply Insurance’s investment in technology to support its experienced team as another reason why the firm aligns with and complements PIB’s offering.
McManus continued: “I look forward to seeing the business grow through PIB’s investment and support to achieve further success.”
This is PIB’s 42nd acquisition to date, and seventh of 2021, with further expansion planned in the UK and overseas.
