PIB Group (PIB) has acquired i2 Healthcare, a leading independent specialist corporate healthcare intermediary based in Birmingham. It is the first specialist employee benefits business bought by PIB since the Group started acquiring in 2016. The move aims to further strengthen the Group’s existing PIB Employee Benefits proposition.
Since 2008 i2 Healthcare has advised corporate clients on their health insurance and employee wellness requirements. Its principal areas of expertise include private medical insurance, group life insurance and income protection cover. The business has also won six major national awards over the last decade.
i2 Healthcare places premiums of around £30 million annually for over 80 public and private clients which span a variety of sectors including law, finance, construction, manufacturing and the automotive industry.
Moving forward, the business will join forces with the existing PIB Employee Benefits team, while continuing to trade under its own brand. This will enable clients to have access to expertise around a broader range of employee benefits that PIB provides including flexible benefits, pensions, and employee communications and engagement.
Founding directors and shareholders of i2 Healthcare, Paul Brantingham and Simon Derby, will continue as directors of the business following completion of the deal.
Paul Brantingham, commented: “Joining PIB is an important milestone in i2 Healthcare’s ten year history and is a natural progression for us. To be recognised as specialists in our market by PIB and having the opportunity to continue growing through their support is a real endorsement of what we have achieved so far. We are looking forward to joining a wider network of experts who are renowned for their specialisms in their chosen markets.”
Simon Derby commented: “We are often appointed as both broker and advisor to our clients where long-standing relationships are formed. I’m delighted that through PIB, we can continue those valued relationships and design bespoke solutions through our focussed approach while also remaining independent.”
PIB Employee Benefits was created to fill a gap in the market for a new independent, client centric and service focused consultancy. With the combination of the team’s specialist expertise and evolving technology, they use an innovative and collaborative approach to devise employee benefit strategies that aim to meet the needs of their clients both now and in the future.
David Skinner, Managing Director of PIB Employee Benefits, commented: “i2 Healthcare are experts at what they do and we really value their client centric approach. We’re looking forward to welcoming Paul, Simon and their team to PIB Employee Benefits and working closely with them to further enhance the services they offer to their valued clients.”
About PIB Group
PIB Group launched in 2015 and has grown rapidly through acquisitions and by employing outstanding individuals with a wealth of knowledge and experience in the insurance market. The Group offers a range of specialist teams, products and services to clients throughout the UK and Channel Islands and operates from a growing network of offices. For more information please visit www.pibgroup.co.uk
About i2 Healthcare
i2 Healthcare is a market leading independent specialist corporate healthcare intermediary based in Birmingham. Trading since 2008, i2 Healthcare focuses on advising medium to large corporate clients on all aspects of their health insurance and employee wellness requirements, in particular private medical insurance, group life insurance and income protection cover. For more information please visit https://www.i2healthcare.com