PIB Group acquires seventh retail business in Ireland through Mike Murphy Insurance

August 23, 2022

PIB Group Ltd (‘PIB’) has added again to its Irish operation through the acquisition of Mike Murphy Insurance (‘Mike Murphy’). The family-run business is PIB’s seventh retail investment in Ireland to date, and fourth so far this year, as part of the Group’s rapid expansion plans in the territory.

Based in Sandyford in Dublin, Mike Murphy is one of Ireland’s leading insurance brokers. It operates two core business units of Commercial and Personal Lines, as well as some life and pensions income. 

About Mike Murphy

At the helm of the business is Mike Murphy, with over 50 years of experience in the industry having started out in 1963, and subsequently sold his first business in 2010. He established Mike Murphy Insurance which started trading in 2013.

Mike Murphy commented: “Becoming part of PIB Group is an exciting moment for everyone at Mike Murphy Insurance. I’m immensely proud of our team who works tirelessly to provide a top-class customer service, and have played a huge part in our success to date. We look forward to continuing our strong customer relationships in this exciting new chapter in our growth journey, and bringing them further benefits through the strength of being part of a bigger group.”

The general insurance broker boasts three distinct areas of specialty. Its commercial lines division focuses primarily on general business insurance across SME businesses, Corporate businesses, Tradesmen and Motor Fleet risks. The company is also an appointed broker for the Irish Road Haulage Association. Their Personal lines division are mostly formed of Private Motor, Household and Commercial Motor & Travel risks. Meanwhile, the Life division provides mortgage protection, income protection, and pensions to individuals and corporate clients.

The award-winning team of 23 has also scooped recognition as a winner at the fleet awards, and shortlisted as a finalist for the best customer service award. 

Growing Irish contingent for PIB

Mike Murphy Insurance will join the portfolio of businesses which currently includes Campion Insurance, Creane & Creane, Oliver Murphy, Alan Tierney & Partners, Fingal Insurance and most recently Sullivan Insurances. Together the network is focused on deepening their relationships to create a strong proposition and leverage their strength as a collective for the benefit of customers in the Irish market, which is a key territory for PIB’s investment.

Looking ahead, the team will settle into supporting each other with the experienced management team at Campion Insurance who are leading PIB’s growth efforts across Ireland. 

Jim Campion, CEO for Campion Insurance commented: “I’m absolutely delighted to welcome Mike and all the team at Mike Murphy Insurance who are another great addition to PIB and our growing footprint in Ireland. Their arrival further strengthens our existing group of highly experienced experts to provide our customers with an increasing range of products and services. We look forward to working with all our new colleagues and continuing to build out our expansion strategy in the Irish market.”