Following on from the recent, successful debt raise with BOOST&Co, Landmark is pleased to announce the signing of its first two acquisitions.
Both acquisitions are direct intermediaries and are placed to bolster the strategic reach and product range of the specialty managing general agent (MGA) by giving it direct access to policyholders.
The first, a specialty Teacher Replacement scheme, will expand the company’s national footprint with a base in Leeds.
The second, a specialist commercial property underwriting team, gives Landmark their third U.K. base and the opportunity to develop their new products into new geographical areas through their existing experienced teams.
Landmark’s Managing Director David Ratledge commented, “We are thrilled with these first two acquisitions by the Landmark team. These will bring new opportunities, increase our scope in terms of diversifying to become a growing multi-product MGA and provide additional capacity and geographical footprints”. David continued, “The team and I are very much looking forward to the next stage of Landmark’s planned growth, nurturing our new teams and having them working with like-minded individuals within the Landmark family”.
The transaction amounts for both were not disclosed and are subject to FCA approval.
This will bring, the privately-owned MGA’s, total to three acquisitions in only a short period since its creation. Landmark now has 3 offices in the U.K. and international regulated offices in both France and Canada.
Landmark’s owners, Ross Lazaroo-Hood, Sitki Gelmen and David Robinson will continue to pursue organic & non-organic growth opportunities, looking for attractive and value-add propositions.