Chartered managing general agent Landmark Underwriting has gone ahead and put its debt raise to good use by making a couple of acquisitions.
Without disclosing further details, the London-headquartered MGA said it is snapping up two direct intermediaries – a specialty teacher replacement scheme and a specialist commercial property underwriting 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,” said managing director David Ratledge.
“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.”
Landmark, which now has three offices in the UK, is funding the deals using the investment it got from lender BOOST&Co last month. Meanwhile owners Ross Lazaroo-Hood, Sitki Gelmen, and David Robinson will continue to look for growth opportunities.
Outside Britain, Landmark has regulated offices in Canada and France.
