MJM Holdings, a Polish commercial insurance broker, has acquired Leadenhall Insurance, a Warsaw-based leading tech-enabled Managing General Agent in Poland
Vienna Capital Partners acted as an exclusive investment banking advisor to Corsair’s portfolio company, MJM Group, for this transaction.
Acquisition of the Leadenhall by the MJM Group aligns with the implementation of a long-term strategy that commenced with Corsair Capital’s investment in MJM earlier this year.
Since 2010 Leadenhall has grown rapidly through continued growth in the areas of income and personal accident insurance, professional liability, D&O and life insurance. These business lines will remain key to Leadenhall’s business, which will expand its product offering through its partnership with MJM and its expertise.
Leadenhall CEO Rajmund Rusiecki will continue to lead the company, while Marcin Dębicki, a member of MJM MGA’s board of directors, will join the company’s board.
- “ The partnership ideally positions us for success in Eastern Europe’s most challenging markets and strengthens our role as a leader among independent brokers, supporting the pursuit of excellence and long-term growth. We are also pleased that our Management Team will be supported by the expertise of Leadenhall experts.” – Andrzej Klesyk, Chairman of MJM’s Supervisory Board.
- “ The combination of MJM’s many years of experience in the brokerage industry with Leadenhall’s technology and distribution network allows for a groundbreaking step in the development of an innovation center for the Polish insurance market.” – Marcin Ślotała, founder and CEO of MJM Holdings
- “ Modern brokerage groups are increasingly incorporating an MGA-based business model, offering broader underwriting authority and greater flexibility than traditional brokers. The partnership with Leadenhall significantly expands the reach and capabilities of the MJM platform, and we continue to seek new solutions and partnerships in the brokerage market.” – Grzegorz Kruk, head of M&A at MJM
- “ I am convinced that this cooperation will not only contribute to the expansion of our offer, but will also increase efficiency and translate into the satisfaction of our customers and partners. We are full of enthusiasm about the upcoming changes.” – Rajmund Rusiecki, Leadenhall CEO
Sources: Mergermarket, MJM, Leadenhall