Wednesday, 12/12/2018 | : : UTC-5
Insurance Breaking News | Home & Auto Insurance

Stackhouse Poland buys Title & Covenant Brokers

Stackhouse Poland buys Title & Covenant Brokers

Dealer strikes third deal of 2018.

Stackhouse Poland has purchased authorized indemnity insurance coverage specialist Title & Covenant for an undisclosed sum including £8m of gross written premium to the group.

The Borehamwood-based agency, which additionally has an workplace in Bristol, is a subsidiary of Title Investments and has been buying and selling since 2008.

It’s the third deal of the yr for Stackhouse Poland which snapped up Caprica Healthcare in January and Honour Level in April.

The acquisition is the primary since group CEO Tim Johnson informed Insurance coverage Age in June that it will be hanging extra offers in 2018.

Talking after the newest takeover he confirmed that the model identify can be stored together with each workplaces and that each one 11 employees together with managing director and founder David Turschwell have been staying with the enterprise.

Johnson additionally revealed that there have been two extra offers in “superior” stage and he “wouldn’t be stunned” to finish no less than yet one more earlier than 2019.

Stackhouse Poland’s chairman Jeremy Cary commented: “Our technique continues to be targeted on robust natural progress in our chosen sectors and moreover by way of acquisition of like-minded corporations.

“We’re very obsessed with the actual property sector and Title & Covenant provides a brand new dimension to our proposition to shoppers on this space and is an ideal strategic match.

“We’re actually wanting ahead to working with David and his staff and persevering with to construct our specialist enterprise.”

Subsequent chapter
Turschwell, added: “We now have been excited about the subsequent chapter for some time and it was essential that we discovered a successor agency that permits us to broaden our proposition for the good thing about our shoppers.

“Our tie up with Stackhouse Poland who have already got a significant place in the actual property sector will assist us to realize this goal.”

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