’Establishing a presence in Wales is an important step for us,’ says head of acquisitions
Insurance broker AssuredPartners has acquired LT Insurance Services (LTI) to establish a presence in Wales.
LTI is based in South Wales and provides solutions to a range of small and medium sized enterprises (SMEs), as well as personal lines clients.
Paul Casey, head of acquisitions at AssuredPartners, said moving into Wales was key after forming bases in the South West and North England, Ireland and Scotland.
“Establishing a presence in Wales is an important step for us and we are excited to build from this over the coming months,” he added.
PSP
As part of the deal, LTI will become part of AssuredPartners-owned PSP Insurance Brokers.
Read: AssuredPartners makes new acquisition to help growth in South West
Read: Insurance M&A continues to rise – but has it reached its peak?
Explore more M&A-related content here and discover more news content here
PSP was acquired by the broker in 2021 and provides commercial and private line insurance to clients in the South West.
Tracey Williams, managing director of LTI, said: “We as a team are really proud of our reputation within the industry and we believe we have joined a group which matches our focus on clients and service.
“We are delighted to have joined AssuredPartners and PSP and are looking forward being able to continue to put our clients first.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
No comments yet