PIB Group has announced the acquisition of JRT Insurance Brokers Ltd (JRT) for an undisclosed sum as it aims to expand its presence in the north.
Established in 2015, JRT is an independent insurance broker based in Nottingham. Led by Richard Bright and Justin Thornhill, the 14-strong team is focused on meeting all aspects of insurance needs for private and business clients. The firm services clients from local to large nationals, of which many are long standing commercial clients. Specialisms include the construction, care, hospitality and leisure industries.
PIB said JRT has “grown quickly” through recommendation and networking, rather than relying heavily on advertising and it has “earned a reputation for providing high quality products and customer service”.
Bright said: “This is a fantastic moment for JRT as we become part of PIB Group. 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.
“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.”
In addition to their local clients, the team manages a range of large national commercial clients in the care, property, construction, retail, telecoms and logistics sectors.
Brendan McManus, CEO for PIB Group, said: “I’d like to give a very warm welcome to all our new colleagues at JRT Insurance Brokers who will 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.
“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.”
The firm added that JRT will integrate into PIB’s Specialty division and join its strong East Midlands businesses across Retford, Lincoln, Leicester and Derby.
The division, which is known externally as PIB Insurance Brokers and boasts CII Corporate Chartered status and is home to the group’s specialist commercial lines brokers, supported by inhouse claims handling and a risk management team.