Stackhouse Poland specialises in insurance broking to the high net worth market.
The Business has built its strong reputation around tailoring insurance broking solutions for its high net worth private clients and companies with specific commercial insurance requirements. Annual premiums written are currently approaching £120m.
Having established its reputation as one of the UK’s leading advisory-led insurance brokers with market leading renewal rates, strong underwriting relationships and focus on the attractive niche HNW part of the insurance market, Stackhouse Poland represents an attractive platform for further consolidating a highly fragmented market.
Synova has invested alongside the management team of Jeremy Cary, James Agnew and Tim Johnson to support the growth plans of the Business going forward.
- 4Acquisitions in 2015
- 70%Earnings growth
- 94%Average renewal rates
Chairman – Stackhouse Poland
“Through our new equity partner Synova, we have been able to secure an independent future for Stackhouse Poland.”
The Company was originally acquired in 2001 by the Directors (Jeremy Cary, James Agnew and Keith Hester), and has grown consistently through a combination of strong organic strategy and targeted acquisitions. Synova has engaged with the shareholders since 2012, building a strong and trusted relationship, which was fundamental to unlocking the transaction. Despite executing a series of successful acquisitions, a revised capital structure was required in order to allow for the retirement of Keith Hester and the appointment of a new CEO, Tim Johnson.
Synova’s investment will support the Management’s plans to increase the volume and value of future acquisitions. A number of additional organic opportunities exist within the plan, which include increased penetration of the ultra-high net worth market; developing additional sector specialisms (particularly in the commercial lines insurance market); introducing new strategic partnerships; and expanding distribution channels.