Tue, 03 Dec 2019 | BUSINESS SALE
Property transaction insurance firm Secure Legal Title has been acquired by AXA XL for an undisclosed sum.
Founded in 2012, Secure Legal Title offers title-insurance, legal indemnities and title to shares insurance for real estate M&A transactions. The company is based in the UK but also has major operations across Europe, India and the Americas.
Secure Legal Title is a Lloyds-approved coverholder with a wide range of clients including real estate equity investors and developers, energy and infrastructure investors and developers and mortgage lenders.
Stephen Ashwell, chief underwriting officer for crisis management and special risks at AXA XL, said: "We are delighted to officially welcome our Secure Legal Title colleagues to AXA XL. Secure Legal Title will continue to operate under its brand and will be managed by its co-founders, Sean Dalton, Joel Peck and Jean-Bernard Wurm."
"We expect that the combination of their market-leading expertise and experience with AXA XL’s additional capacity, global network presence and resources will enable Secure Legal Title to further strengthen its position in this specialised marketplace and present a more attractive proposition to clients of theirs and ours” Ashwell added.
“With this transaction, Secure Legal Title builds on its long relationship with AXA XL and its insurers, as well as with Lloyd’s in London and in Brussels,” said Sean Dalton, co-founder and chairman of Secure Legal Title.
“There are natural synergies between AXA XL’s property and casualty business and Secure Legal Title’s real estate business, and we are confident that our clients will benefit from access to AXA XL’s infrastructure and additional capacity.”
Turnover in excess of £1m with an EBITDA of £614k. Provides comprehensive investment and pension advice to clients throughout Northern England. Works closely with its clients to design effective investment strategies to help them realise their financ...
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The company has produced a highly respected, market-leading publication within a niche area of business improvement, which is offered in multiple languages. Updated versions of the book are released intermittently alongside developments in the sector...
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Prides itself on providing bespoke insurance advice for clients throughout the UK. Has access to the UK’s leading insurance markets, enabling it to provide tailored solutions which meet its clients’ requirements. Offers general commercial, private cl...
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