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Insurance Breaking News | Home & Auto Insurance

Stackhouse Poland buys Property Insurance coverage Initiatives

Stackhouse Poland buys Property Insurance coverage Initiatives

The enterprise has workplaces in London and Bordon and it is Stackhouse’s fifth deal of 2018.

Actual property specialist dealer Property Insurance coverage Initiatives (Pii) has been bought by Stackhouse Poland for an undisclosed sum.

It’s the newest in a string of offers this yr for Stackhouse Poland which additionally just lately bought Honour Level, Caprica Healthcare, Symmetry Personal Insurance coverage and Title & Covenant Brokers.

In the summertime group CEO Tim Johnson promised that extra buys have been on the horizon for the dealer which additionally entered right into a deal course of with Lucas Fettes in 2016 and E Coleman & Son and Quantum Underwriting Options in 2017.

Jeremy Cary, chairman of Stackhouse Poland, stated: “We’re delighted to welcome Pii to the Stackhouse Poland Group. We have already got a longtime place within the Actual Property Sector so the addition of Pii to our secure, with as a lot information and experience as their workforce brings to the get together, is a triumph for our enterprise.

“We’re assured that the acquisition will strengthen each companies for mutual profit, and that shoppers will see the constructive modifications within the months to return.”

Pii has workplaces in London & Bordon and was based in 2012.

Stackhouse detailed that the enterprise now includes a group of specialists capable of advise on all points of property danger, together with property house owners, terrorism, development dangers, authorized indemnity insurance policies, and guarantee and indemnity insurance coverage. Pii additionally has a key curiosity within the specialist space of environmental danger insurance coverage.

Brett Sainty, CEO of Pii, commented: “Stackhouse Poland is a revered contributor to the UK insurance coverage market, and mixing our propositions is a pure match. The acquisition is a vital a part of our progress technique, permitting us to compete on the prime of the market on a larger scale.”

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