London based Chartered MGA Landmark Underwriting has successfully raised debt financing through SME Lender, BOOST&Co to fuel further growth through acquisitions.
Landmark Managing Director, David Ratledge, commented “The Founders of the Group, Ross Lazaroo-Hood, Sitki Gelmen and David Robinson, have spent the last two years setting out growth plans for the specialist independent MGA and I am pleased to announce that we have received investment funding from BOOST&Co, the alternative lender of growth capital for UK SMEs”
Landmark Underwriting began underwriting through its MGA in July 2018 after purchasing specialist MGA, Greenwich Underwriting, and over the last four years has solidified its position in the market by on-boarding a diverse range of quality capacity providers, supporting a wide range of international products in the Financial Lines space and cementing its London base in Leadenhall Market to be at the centre of the London Insurance Market.
Ratledge further commented, “Landmark will use the funding from BOOST&Co to move forward with further growth – in particular investing in new lines of business, new offices in the U.K. and further bolstering the underwriting and leadership teams through targeted business and people acquisitions. We have already expanded from our London H.Q. to Lyon, Toronto and the newest office in Hamilton in Bermuda to establish a global footprint allowing us to offer risk management on a global scale.”
Adam Brinn, head of London and the East at BOOST&Co, says: “It’s been a pleasure to work with the owner’s Ross Lazaroo-Hood, Sitki Gelmen and David Robinson as well as their MD David Ratledge and FD Melaney Brown plus the rest of the Landmark team at a transformational time for the business. Our funding will be used to make several strategic acquisitions that allow the group to diversify their offering domestically and establish themselves in key International markets”.