STACKHOUSE POLAND LIMITED is pleased to announce that it has completed the acquisition of the Real Estate insurance broker Property Insurance Initiatives Ltd (Pii).
Pii has offices in London & Bordon and was founded in 2012. The business now comprises a team of specialists able to advise on all aspects of property risk, including property owners, terrorism, construction risks, legal indemnity policies, and warranty and indemnity insurance. Pii also has a key interest in the specialist area of environmental risk insurance.
Jeremy Cary, Chairman of Stackhouse Poland, said: “We are delighted to welcome Pii to the Stackhouse Poland Group. We already have an established position in the Real Estate Sector so the addition of Pii to our stable, with as much knowledge and expertise as their team brings to the party, is a triumph for our business. We are confident that the acquisition will strengthen both businesses for mutual benefit, and that clients will see the positive changes in the months to come.”
Brett Sainty, CEO of Pii, said: “Stackhouse Poland is a respected contributor to the UK insurance market, and combining our propositions is a natural fit. The acquisition is an important part of our growth strategy, allowing us to compete at the top of the market on a greater scale.”