PIB Group marks ‘exciting milestone’ with acquisition of London-based MGA

PIB Group has acquired litigation specialist Litica as it looks to expand it MGA division.

MGA Litica specialises in propositions for private and corporate clients involved in litigation or arbitration.

It was founded in London in 2019 by co-founding directors Stephen Bolster and Steve Ruffle. It has since expanded its operations to Australia, the US and Germany.

Bolster said: “At Litica we have spent the last six years establishing ourselves as the UK’s leading provider of specialist litigation insurance and we are beginning to replicate that success across international markets.

”Joining an entrepreneurial and ambitious group provides us with the capabilities we need to continue growing, while still providing our clients with the professional and diligent services we are known for.”

Growth

PIB Group said that Litica also has access to “significant insurance capacity” that “enables them to underwrite a range of complex and high value litigation types”.

It felt that acquiring the firm would increase its MGA capabilities and expand on its investment in underwriting and schemes business.

Charles Burgess, chief executive of underwriting and schemes at PIB Group, said: “Having Litica join PIB Group marks an exciting milestone, enabling our MGA division to enter the next phase of growth.

“Litica’s operations in Australia and the US provide our MGA business with a strong foothold in these markets, bringing a wealth of opportunity to the wider group.”