PIB Group completed the acquisition of Sanlam employee benefits division.

PIB Group, an insurance intermediary group, completed the acquisition of the employee benefits division of Sanlam, a financial services group. Financial terms were not disclosed. “Welcome to the Sanlam team who will provide invaluable experience to complement our existing offering. Our employee benefits division had a busy year in 2019 thanks to a lot of hard work in prior years to build a strong pipeline which is now coming into fruition. The combination of PIB Employee Benefits, i2 Healthcare and new colleagues from Sanlam takes the division to an exciting level for clients with a range of new resources and capabilities,” Brendan McManus, PIB Group CEO.