PIB appoints MD and expands UK senior team
PIB Insurance Brokers has recruited Bernard Mageean as managing director, underwriting and placement.
PIB has also made 18 other new significant hires as it builds its senior team and national presence across the UK.
Mageean will be responsible for driving the growth and development of PIB’s strategy to build a managing general agent (MGA) through a combination of acquisitions and the selective recruitment of teams and individuals. Mageean will also lead PIB’s relationships with insurer partners to develop strategies and products aligned to the needs of the MGA, the broking offices and PIB’s existing customer base.
Mageean joins PIB from Prosight London, the Lloyd’s of London Syndicate and managing agent, where he has been the managing director for the past two years. He has significant experience at board and senior executive level and a strong track record of growing and improving businesses. He was part of the executive team that drove an exceptional period of expansion performance and service at Giles and worked as a director of commercial underwriting at RSA.
The other new team members will be located across PIB’s UK-wide offices including Aberdeen, Birmingham, Glasgow, London, Ipswich and Norwich, bringing deep experience in creating client focused bespoke insurance solutions.
The new hires include a wide range of talent from major insurance firms with extensive experience in advising businesses from FTSE 100s to SMEs.
The new hires include: Fraser Pratt, head of legal indemnities – London; Mike Carolan, head of construction – London; Duncan Cogdell, branch director – Ipswich; and Graeme Cant, branch director – Aberdeen.
The new hires come after the appointment of Ryan Brown as group chief financial officer. Brown joined PIB from Towergate Insurance and will be tasked with supporting company’ growth by working with Brendan McManus, chief executive officer of PIB, to drive the execution of the broker’s acquisition strategy.
Brendan McManus said: “I am thrilled to be working closely with Bernard again after we partnered so effectively at Giles. It’s great to reassemble a winning team.
Our other new hires will play a key role as we break new ground in broking, addressing a clear gap in the market by offering high levels of bespoke service and guidance combined with the expertise associated with the majors. That means attracting the industry’s best talent so we are delighted to welcome these exceptional individuals to PIB.
“This highly experienced team will continue to build on the strong work we are doing for our clients across the UK and help us grow to the next level.”
