Consolidator PIB unveils fifth deal since Carlyle investment
PIB gas bought Aberdeen-based commercial general insurance broker Carmichael & Partners for an undisclosed sum.
This is PIB’s fifth deal since private equity house Carlyle Group bought a majority stake in the consolidator in December 2015.
PIB said Carmichael & Partners serves a wide range of businesses in Aberdeen and the north of Scotland and has expertise in all forms of cover. It also administers claims.
PIB chief executive Brendan McManus said: Carmichael will bolster our existing presence in Aberdeen working closely with our existing local PIB office led by Graeme Cant. Working together I am excited by the potential for both businesses to continue their success. We look forward to welcoming Carmichael to the PIB team.”
Carmichael & Partners managing director Andrew Brodie added: “We are very excited to be joining the PIB team. We know their team in Aberdeen well and look forward to building a stronger presence in our market with them. The different skills and experience we will have access to locally and more broadly can only be a good thing for our employees and clients alike.”
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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