Nemesi Boosts Position with Pib Group Acquisition

The Pib Group, an insurance intermediary based in the UK and controlled by private equity firms Apax Partners and The Carlyle Group, has acquired Nemesi. Nemesi, a Milan-based company specializes in high-value automotive services and claims management as a Third-Party Administrator (TPA). The acquisition is part of Pib Group's strategy to strengthen its position in the Italian market, adding to its existing portfolio of Area Brokers Industria and the recent acquisitions of Inside 2.0, Elleti Broker, and Emmeb Broker. With this acquisition, Pib Group's Italian division is expected to reach a consolidated revenue of approximately 40 million euros. Through Nemesi, Pib Group will enhance its offerings by integrating claims management with insurance mediation services, continuing its strategy of providing end-to-end insurance needs for both corporate and retail clients. This acquisition supports the broader growth and diversification strategy in Italy, including developing a future business as a Managing General Agent (MGA). Founded in 2020 by Marco Riccardi and Lorenzo Riccardi, who also founded Area Brokers Industria, Nemesi is noted for its advanced, fully integrated, and automated claims management in the automotive sector.