PIB Group, an insurance intermediary, completed the acquisition of Area Brokers Industria, an insurance brokerage firm. Financial terms were not disclosed. “I can think of no better way to start 2023 than by welcoming our new colleagues at ABI to PIB Group. With ABI under the continued leadership of Lorenzo and Marco, we are delighted to begin our exciting expansion into the Italian brokerage market. Through this important investment, we look forward to supporting ABI’s ambitions to acquire other high quality insurance brokers in Italy and to develop its overseas business. In turn, we will enhance the company proposition internationally and unlock another level of value-add service for clients," Onno Janssen, PIB Group Europe CEO.