PIB reveals prices of file 26 offers in 2023 – Insurance coverage Age

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PIB reveals costs of record 26 deals in 2023 - Insurance Age

PIB spent £331.9m on a file 26 offers in 2023 because the consolidator expanded within the UK and throughout Europe.

It had spent £506.2m in 2022 on 23 acquisitions.

The 2023 invoice was settled by way of £251.2m in money, with the rest cut up throughout deferred and contingent issues in addition to fairness.

Of the UK offers, property dealer St Giles was the costliest, costing £90.9m in April 2023.

Pushing into the non-public strains market with the acquisition of Jigsaw in February 2023 value £23.6m.

PIB additionally snapped up Manchester-based business dealer RBIG (September 2023) and Bristol-based skilled indemnity

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