Specialist insurance intermediary PIB Group has finalised its purchase of Romanian corporate insurance broker SC CND International Insurance Broker SRL (CND).
The business has operated in Romania's corporate insurance market for more than two decades, serving clients across a range of industries and developing strength in complex and specialist risk categories.
Gales said: "Becoming part of the PIB Group allows us to continue this journey while preserving what defines us and, at the same time, gives us access to international expertise, broader resources and new opportunities for growth. Our values remain the same."
Construction and real estate form one of the company's key focus areas, with the broker advising clients through each phase of property development – from acquisition and project financing through to construction and operational management.
Following completion of the deal, PIB Group's headcount in Romania has risen to more than 25 staff, combining expertise in corporate insurance, construction, real estate and complex commercial risk.