PIB Group completed the acquisition of Confide Insurance.

PIB Group, a group of insurance advisory businesses, completed the acquisition of Confide Insurance, an insurance broker. Financial terms were not disclosed. “We are delighted that PIB has attracted such a leading insurance team in the Spanish insurance market. Confide together with our existing acquisitions, will form the cornerstone of the investment for PIB Group in Spain. With Martín Navaz on board, we will be able to accelerate our continued expansion through mergers and acquisitions, as well as organic growth in Spain, with the ultimate goal of becoming one of the most important insurance brokers in the market," James Harmer, Head of European Mergers and Acquisitions.