PIB Group Limited has formed a partnership with Romanian intermediary Stein Bestasig Insurance Broker, which will see the local broker co-ordinate additional merger and acquisition activity within the market. PIB said it was looking to attract another 20 Romanian brokers to its stable.

Onno Janssen, CEO for PIB Group Europe, said: “I'm thrilled to welcome Stein Bestasig, a major player in the Romanian insurance brokerage sector, to PIB Group. This partnership marks the start of PIB’s expansion in South-East Europe, a region that offers great potential for our growth.”