PIB Group, an insurance intermediary firm, has acquired the real estate insurance broker, Arlington Insurance Services, for an undisclosed fee.
It is the 32nd deal of its kind completed by PIB, who also invested in Rigton Insurance Services, UKinsuranceNET, and Marx Re-Insurance Brokers this summer.
Brendan McManus, CEO at PIB, said: “As an experienced team of property insurance broking professionals who have consistently grown their business, they [Arlington] are an attractive investment opportunity for PIB.
“Their excellent client care is reflected through their loyal customer base and strong relationships with a broad range of insurers. I look forward to seeing the team reach their considerable potential through PIB’s investment.”
Arlington was established in 2005 and is now formed of 12 individuals. It focuses on personalised insurance broking for property investors, while also offering professional indemnity, directors and office covers, and a number of retail and commercial risks.
Nick Watts, managing director at Arlington, added: “With the backing of PIB, we can develop the full potential and profile of the business while continuing our client-centric approach and excellent relationships with many leading real estate insurers.
“We also look forward to enjoying the benefits that come with being part of a wider group, including enhanced career prospects and collaborating with new colleagues to achieve the best client outcomes.”