The acquisition of the firm, founded by Paul Brantingham and Simon Derby, is the first specialist employee benefits business bought by PIB since it set out on the acquisition trail in 2016. The move aims to further strengthen its existing PIB Employee Benefits proposition.
Since 2008 i2 Healthcare has advised corporate clients on their health insurance and employee wellness requirements. Its principal areas of expertise include private medical insurance, group life insurance and income protection cover. The business has also won six major national awards over the last decade.
i2 Healthcare places premiums of around £30m annually for over 80 public and private clients, spanning a variety of sectors including law, finance, construction, manufacturing and the automotive industry.
The business will retain its brand but will join forces with the existing PIB Employee Benefits team. This is designed to give clients access to expertise around a broader range of employee benefits that PIB provides including flexible benefits, pensions, and employee communications and engagement.
Brantingham and Derby will continue as directors of the business following completion of the deal.
Brantingham says: “Joining PIB is an important milestone in i2 Healthcare’s ten year history and is a natural progression for us. To be recognised as specialists in our market by PIB and having the opportunity to continue growing through their support is a real endorsement of what we have achieved so far. We are looking forward to joining a wider network of experts who are renowned for their specialisms in their chosen markets.”
Derby says: “We are often appointed as both broker and advisor to our clients where long-standing relationships are formed. I’m delighted that through PIB, we can continue those valued relationships and design bespoke solutions through our focussed approach while also remaining independent.”
PIB Employee Benefits managing director David Skinner says: “i2 Healthcare are experts at what they do and we really value their client centric approach. We’re looking forward to welcoming Paul, Simon and their team to PIB Employee Benefits and working closely with them to further enhance the services they offer to their valued clients.”