PIB Insurance Brokers, one of the UK’s fastest growing brokers, has recruited Bernard Mageean as Managing Director, Underwriting and Placement. PIB has also made 18 other new significant hires as it builds its senior team and national presence across the UK.
Bernard will be responsible for driving the growth and development of PIB’s strategy to build an MGA through a combination of acquisitions and the selective recruitment of teams and individuals. Furthermore, Bernard will lead PIB’s relationships with insurer partners to develop strategies and products aligned to the needs of the MGA, the broking offices and PIB’s existing customer base. Bernard joins from Prosight London (Lloyd’s of London Syndicate and Managing Agent), where he has been the Managing Director for the past two years. Bernard has significant experience at Board and senior executive level and a strong track record of growing and improving businesses. He was part of the executive team that drove an exceptional period of expansion performance and service at Giles and worked as a Director of Commercial Underwriting at RSA.
The other new team members will be located across PIB’s UK-wide offices including Aberdeen, Birmingham, Glasgow, London, Ipswich and Norwich, bringing deep experience in creating client focused bespoke insurance solutions.
The new hires include a wide range of talent from major insurance firms with extensive experience in advising businesses from FTSE 100s to SMEs. The new hires include:
- Fraser Pratt, Head of Legal Indemnities – London. Fraser has joined PIB from Willis. He has worked at various regional and national insurance brokers in the UK and New Zealand since 1999, originally specialising in professional indemnity insurance, but ultimately specialising in Rights of Light insurance solutions.
- Mike Carolan, Head of Construction – London. Mike has joined PIB from Willis to take up the role as Head of Construction to lead and develop the PIB construction sector proposition. With over 30 years’ experience, Mike works closely with clients and professionals in the Property Development and Construction sectors to provide competitive bespoke insurance solutions including Developers Project Insurance and Latent Defects/Housing Warranties Insurance to protect construction assets, legal liabilities and financial risks.
- Duncan Cogdell, Branch Director – Ipswich. Duncan will be head of the new PIB office in Ipswich and has joined from Genavco with over 30 years in the insurance industry. His expertise includes the property sector and businesses active in the sustainable and renewable energy fields. Additionally, Duncan has strong links in many other industry sectors including sport and leisure, film, media and finance.
- Graeme Cant, Branch Director – Aberdeen. Graeme will be head of the new PIB office in Aberdeen and has over 30 years’ insurance experience working mainly with “national” brokers.
- Employee Benefits – London. Following on from the arrival of Clare Dare in September to lead the proposition, the employee benefits team has increased to six with further arrivals this month.
The new hires come on the heels of the appointment of Ryan Brown as Group Chief Financial Officer. Ryan joined PIB from Towergate Insurance and will be tasked with supporting company’ growth by working with PIB CEO, Brendan McManus, to drive the execution of PIB Insurance’s acquisition strategy.
Commenting on the hires Brendan McManus said: “I am thrilled to be working closely with Bernard again after we partnered so effectively at Giles. It’s great to reassemble a winning team.
Our other new hires will play a key role as we break new ground in broking, addressing a clear gap in the market by offering high levels of bespoke service and guidance combined with the expertise associated with the majors. That means attracting the industry’s best talent so we are delighted to welcome these exceptional individuals to PIB. This highly experienced team will continue to build on the strong work we are doing for our clients across the UK and help us grow to the next level.”