PIB acquires CMR and Sue Smith

Insurance intermediary firm, PIB Group has purchased CMR Insurance Services and Sue Smith.

CMR provides cover against bad debts for UK and export sales, through managed credit insurance policies, as well as claims and debt collection services. The team of twelve is led by Christian and Kim Hoy, who will remain with the business as part of the agreement.

The intermediary also acquired health and safety consultancy, Sue Smith, which will be fully integrated into its risk management division.

Chief executive officer for PIB Group, Brendan McManus said: “I’m delighted to welcome on board all our newest colleagues to PIB Group who are joining at an exciting time in our journey.

“We look forward to supporting their growth with client service at the core,” he added.

Earlier this year, PIB Group acquired the COBRA group of companies in June and Ireland-based Optis Insurance in February.

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