Carlyle-backed broker consolidator PIB Insurance Brokers has closed its purchase of the majority of Thistle UK from JLT.
London-based PIB said its takeover of Thistle Insurance Services closed on 30 December after the agreement gained regulatory approval
Thistle offers brokerage services to SME clients, and also has an online business and a managing general agent arm.
November agreement with JLT excluded Thistle's market
risks, education and housing businesses, which were transferred to
Thistle has about 250...
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