Latest deal is PIB’s 12th in 19 months

PIB today announced a deal for Lloyd’s wholesale broker Citynet Insurance Brokers. 

Citynet, founded in 2005, places commercial including liability,motor fleet, property and PI for UK and Ireland brokers. 

Citynet chief executive Richard Scott said his management team will continue to lead the business following the completion of the deal.

 Scott said: “Joining PIB is an exciting prospect and I’m looking forward to bringing our expertise to the Group which should enable new and different conversations with all our clients. Everyone in Citynet is passionate about sourcing innovative solutions to unusual challenges and hard-to-place risks.”

PIB chief executive Brendan McManus sadi: ”They align perfectly with those provided by our existing businesses and will make a strong contribution towards our Group strategy to deliver significant organic and acquisitive growth over the next five years.”

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

Topics