Heritage Group has acquired Heath Lambert's risk retention
and captive management division.
The Guernsey headquartered firm has acquired the whole of the
issued share capital of the Heath Lambert captive management
operations in Guernsey and Malta.
Heritage Insurance Management (HIM) will now have 150+ clients
throughout Europe, making it one of the largest independent captive
managers globally.
Richard Tee, Chief Executive of Heritage Group, said: "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 and confirms
Heritage as one of the largest independent captive managers
globally."
