Contego deal sees PIB Group expand in Germany

December 17 2024

• Fast-growing PIB Group acquires Contego Broker, based in Munich
• Contego a “natural cultural fit” for PIB as it continues to grow its European presence

PIB Group Ltd (‘PIB’ or ‘the Group’) has continued its growth in Europe with the acquisition of German broker Contego.

Based in Munich, Contego was founded in 2006 as an independent insurance broker and financial advisor by CEO Jan Fries, who will remain in charge of Contego following the deal.

The business has grown to support more than 3,000 clients from startups to large international firms based predominantly in Germany and Austria, with international insurance programmes in many countries.

Contego specialises in Cyber, D&O and E&O insurances, as well as real estate and high net worth clients.

Contego CEO Jan Fries said: “I’m delighted to join forces with PIB Group, there is a natural cultural fit and chemistry between us. PIB is looking to expand in Germany with our team of established experts, which gives all parties a great perspective for the future. Joining PIB Group provides us with access to new resources, global expertise, and innovative products that will benefit our clients, who will continue to receive the high level of service they have come to expect from us.”

PIB CEO for Europe Onno Janssen commented: “Contego is an ambitious business we’ve been interested in for some time and we’re delighted that Jan and his team have decided to join us. Expansion in Germany is a priority for PIB and getting Contego on board alongside our existing German businesses demonstrates a commitment to providing our clients with the best possible service, wherever they may be.”