PIB Group has acquired Wolverhampton-based Residentsline, which specialises in insurance for flats and apartments. The business was owned by managing director Belinda Bagnall and will become part of PIB’s UK Speciality division, which includes PIB Insurance Brokers, PIB Risk Management and PIB Employee Benefits.

Bagnall said: “Residentsline offer the same product over multiple insurers and our clients have been delighted with the service we provide them. They buy the brand and we’re proud of that, and while we’re joining forces with a bigger business, the Residentsline name will remain.

“But this is a family business and I have taken it as far as I can. It needs the additional resources that PIB possesses to enable it to maximise its huge potential. Becoming part of a larger Group allows us to focus on what we are very good at, which is supporting our clients and winning new ones.”