UK-based insurance firm PIB Group has purchased two companies, CMR Insurance Services and Sue Smith.

Founded in 1985, CMR offers insurance protection against bad debts for UK and export sales via managed credit insurance policies.

It also offers claims and debt collection services and customises solutions for start-ups and major companies across different industries. The company employs 12 people, headed by Christian and Kim Hoy.

Upon deal closure, the whole team will be retained.

Commenting on the takeover, Christian Hoy stated: “Our team strives to provide the highest standard of service to our clients and we have achieved strong growth performance in recent years.

“We are excited to join PIB in the next stage of our evolution and contribute to the Group’s long-term ambitions.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Sue Smith is a small health and safety consultancy whose business will be merged with the risk management arm of PIB Group.

PIB Group CEO Brendan McManus commented: “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.”

Earlier in 2019, PIB Group snapped up COBRA group of companies as well as Ireland-based Optis Insurance.