Heritage to focus on five key businesses 22 May 2014Guernsey Reporter: Stephen Durham
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Following the sale of Heritage Insurance Management (HIM) to Artex Risk Solutions (an independent trading subsidiary of Arthur J. Gallagher & Co), Heritage Group has announced strategic growth plans for its financial services, insurance and management office businesses.
Heritage Group chief executive Richard Tee, said: “The release of our captive insurance business enables us to focus on developing our five specialist business units; fund management administration and depository, corporate administration and wealth management, insurance broking, insurance underwriting and our new managed services offering.”
The continued expansion of each business division has been undertaken with a view to strategically concentrating on the five group businesses with the greatest synergy and potential for growth.
According to the company, growth will be both organic and, where appropriate, by acquisition. Long-standing Heritage directors Laurence McNairn and Kevin Roberts will join the existing Heritage Group board members Tee, Mark Huntley and Karl Bradley.
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