Heath Lambert strikes deal with Heritage Insurance Management

Alan Pratten Heath Lambert

Heritage to acquire broker’s risk retention and captive management division

Heath Lambert has agreed a strategic relationship with Heritage Insurance Management, the captive insurance division of the Heritage Group.

As part of the deal, Heritage will acquire Heath Lambert’s Risk Retention and Captive Management Division.

Heath Lambert attributed the deal to an increasing demand for risk retention and captive management services.

Alan Pratten, Heath Lambert managing director of retail clients and development, said: “Working with Heritage allows both parties to maximise their skills, enhance the range of technical, insurance and financial management resources, plus add real value to the international client base. It will provide our clients with an augmented service, safe in the knowledge that service will remain central to Heath Lambert’s captive proposition.”

Richard Tee, chief executive of Heritage Group, said the deal would not affect the independence of the firm: “This acquisition fits with our growth strategy in both Guernsey and Malta and adds to the skills that we can provide clients in the specialist field of captive insurance management. While this acquisition has no effect on Heritage’s independence, it does add significantly to our blue chip client portfolio”, he added.

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