Litica: Expanding Horizons with PIB Group Acquisition
Deal News | Mar 10, 2025 | Re-Insurance News
PIB Group, a prominent insurance intermediary, has expanded its Managing General Agent (MGA) division with the acquisition of Litica, a litigation insurance provider established in 2019 by Stephen Bolster and Steve Ruffle. Litica, known for offering insurance-backed solutions for litigation and arbitration to both private and corporate clients, operates in the UK and has expanded its presence to Australia, the United States, and Germany. With this acquisition, PIB Group aims to strengthen its MGA division, leveraging Litica's international footprint and expertise in complex litigation underwriting. This strategic move is anticipated to provide PIB Group with new opportunities and enhance its growth trajectory, integrating Litica's seasoned team and deep market experience.
Sectors
- Insurance
Geography
- United Kingdom – The original establishment location of Litica and the operational base for PIB Group.
- Australia – Litica has expanded its operations to this region, marking it as a key geographical area for growth.
- United States – Litica's expansion into this country adds to PIB Group's strategic international footprint.
- Germany – Part of Litica's international expansion, contributing to its role in the European market.
Industry
- Insurance – The article involves PIB Group and Litica, both operating in the insurance sector, specifically focusing on underwriting and litigation insurance solutions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PIB Group | Acquirer | Company | A specialist insurance intermediary that has acquired Litica to expand its MGA division. |
| Litica | Target Company | Company | A litigation insurance provider offering solutions for private and corporate clients. |
| Stephen Bolster | Co-Founder | Person | Co-founding director of Litica, involved in establishing its reputation in the litigation insurance market. |
| Steve Ruffle | Co-Founder | Person | Co-founding director of Litica, contributing to its growth and strategic direction within the insurance sector. |