PIB Group acquires Litica to expand global litigation insurance reach
UK-based insurer PIB Group has acquired Litica, a specialist in litigation insurance. The deal strengthens PIB’s position in legal expenses coverage and expands its global reach to Australia and the US. Litica’s founders say the move will support further growth while keeping their services intact.
Litica was launched in 2019 by Stephen Bolster and Steve Ruffle. The company operates in the UK, Australia, the US, and Germany, offering insurance for complex and high-value litigation. As a Lloyd’s cover holder, it works with a panel of insurer backers to underwrite specialised cases.
Earlier, Litica itself acquired two firms—Miramar and Tysons—though the financial details were not disclosed. PIB Group’s CEO, Charles Burgess, called this latest acquisition a key milestone for the company’s MGA division. The deal boosts PIB’s legal expenses insurance capabilities and widens its market presence in the sector. The purchase follows PIB Group’s recent expansion into Ireland, where it bought John O’Donohue Insurances last month. Founded in 2015, PIB Group is backed by investors Apax Funds and the Carlyle Group. Bolster, Litica’s co-founder, stated that joining PIB would allow the firm to grow while maintaining its existing professional services.
The acquisition gives PIB Group a stronger foothold in Australia and the US through Litica’s established operations. It also pushes the company’s MGA division into a new phase of growth. Litica’s expertise in high-value litigation insurance will now form part of PIB’s broader offerings.
