Londongate Investment and Management Group will make an investment in Leader Team Insurance Broker. It will impact the area of products and services, performance indicators and partnership network management.
The most significant changes will target extending the national partnership network of Leader Team and developing the corporate and SME insurance sector where the know-how of the new partner will bring about a change in strategy. Leader Team will have access to advance insurance solutions not yet present on the Romanian market or that have prohibitive costs.
“This is a step we had to take. Leader Team has always had organic growth and we will maintain this trend, especially now that we have a strong partner to back us up. It was important for us to develop a strategy that would allow us to remain competitive in a market that has become very dynamic. This new partnership will put us in a position where we can offer exclusive products and services. Regarding our partnership network, we can now expand in areas that we are currently developing” said Razvan Rusu, Leader Team CEO (photo).
“Romania is a very interesting market, highly competitive but with a huge growth potential at the same time. It’s a good moment for us to invest here, as recent changes and those about to follow will allow us to become an important player on the market in a relatively short time. To achieve this, we need a strong partner with a clear vision together with whom we can build a long term business model. We and our associated companies have been working with Leader Team for quite some time, we know their strategy, their annual growth and I think it was only natural we would go on this road together” said Brian Salmanpour, chairman and CEO of The Londongate Group.
Londongate is an UK-based company with more than 18 years of experience in the insurance market being developed in Europe, Asia, Africa and the Middle East, and from this year decided to entering into Romanian market.
Leader Team Broker Insurance was established in 2007 by insurance specialist Razvan Rusu. The company has a turnover of over EUR 3.5 million.
Londongate Investment and Management plc is a UK based company, created in 1998 by Brian Salmanpour.