Lloyd’s grants PIB registered broker status
Lloyd’s has granted PIB Insurance Brokers registered broker status, allowing them access to the Lloyd’s underwriting market.
PIB can now place specialist risk and schemes directly into the Lloyd’s market, and can negotiate competitive terms and conditions for clients throughout the UK.
PIB specialises in bespoke business insurance, residential and commercial property insurance, high net worth, professional indemnity, construction and rights of light insurances.
Brendan McManus, chief executive officer of PIB, said: “PIB is about providing both the highest levels of service and expertise so gaining broker status at Lloyd’s is a great moment for us.
“Our clients will now benefit from access to a unique underwriting market that provides the best insurance knowledge and know how in the world on highly competitive terms.
“We look forward to upholding the standards required of a Lloyd’s broker and continuing to broaden the insurance services we provide.”
Umron Ahmed, head of broker relationship at Lloyd’s, added: “Lloyd’s welcomes PIB to the market and is delighted that we will be a key business partner for an innovative broker like PIB. We wish them all the best with developing their business in the Lloyd’s market.”
