PIB Group enters health and wellbeing sector with Balens acquisition

Headquartered in Worcestershire, the broker specialises in providing cover for the individuals in the health, wellbeing, fitness, and beauty sectors. This is PIB's ninth acquisition of the year, which includes businesses spanning the UK, Poland, Ireland and Spain. As part of the deal, PIB will acquire Balens and the wholly owned subsidiaries Balens Europe which is based in the Netherlands, as well as Balens Insurance Finance Services Limited. Following regulatory approval and on completion of the deal, David Balen, chairman of Balens along with his 70-strong team, will join PIB. As...