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Leadenhall Insurance Joins MJM Holdings Group

4.11.2024
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Leadenhall Insurance and the independent brokerage platform MJM Holdings Group announced a strategic partnership on November 4, 2024. Leadenhall’s integration into MJM’s structure aims to accelerate the company’s growth through an expanded product offering.

Rajmund Rusiecki will remain as CEO of Leadenhall to continue leading the company, with Marcin Dębicki joining the Management Board.

Since 2010, Leadenhall has grown dynamically, particularly in income protection, accident insurance, professional liability, D&O, and life insurance. These lines will remain central to Leadenhall’s business, which, through the partnership with MJM and its expertise, will broaden its product range.

"The combination of MJM’s long-standing experience in the brokerage industry with Leadenhall’s technology and distribution network enables a breakthrough step in developing an innovation hub for Poland’s insurance market", said Marcin Ślotała, founder and CEO of MJM Holdings.
Maciej Bud-Gusaim, CEO of Efinity Insurance Group (Leadenhall’s former parent company), echoed this sentiment: “Efinity created this company nearly 15 years ago as one of the world’s first technology-focused MGA initiatives. Today, we are pleased with the unique opportunity to join MJM and collaborate on a vision to create a new business model.”

New Management Board Member

With this new partnership, Rajmund Rusiecki continues as CEO of Leadenhall, a position he has held since May 2023. Under his leadership, the company’s sales network has grown to approximately 10,000 intermediaries, with some product lines experiencing stable, double-digit growth.

“I am convinced that this partnership will not only expand our offerings but also increase our efficiency and contribute to the satisfaction of our clients and partners. We are excited about the upcoming changes,” said Rajmund Rusiecki.

Joining the Management Board is Marcin Dębicki, a Board Member of MJM MGA and an experienced manager who previously held roles such as Managing Director of Corporate Insurance at Ergo Hestia.

“Leadenhall has proven over many years that partnerships with agents and brokers are not only possible but bring tangible, long-term benefits to all parties. With this collaboration and expanded product offerings, our partners and clients can expect even better services, technological support, and a more stable financial ecosystem,” added Marcin Dębicki.

Leadenhall to Support MJM’s Strategy

MJM Holdings is a leading Polish company in the insurance distribution segment. The MJM Group includes brands such as Attis Broker (corporate insurance), Smartt Re (reinsurance), MJM Brokers (auto insurance), and MJM Risk Management (risk management and advisory services). The investment in Leadenhall is another significant step in the Group’s long-term growth strategy, which began with Corsair Capital’s investment in MJM in early 2024.

“This partnership positions us perfectly to succeed in Eastern Europe’s most demanding markets and strengthens our role as a leader among independent brokers, supporting our commitment to excellence and long-term development. We are also pleased that our Management Team will be reinforced by the expertise of Leadenhall professionals,” said Andrzej Klesyk, Chairman of the Supervisory Board of MJM.
“Modern brokerage groups are increasingly adopting an MGA-based business model, offering broader underwriting authority and more flexibility than traditional brokers. Collaboration with Leadenhall significantly expands MJM’s platform reach and capabilities, and we continue to seek new solutions and partnerships in the brokerage market,” noted Grzegorz Kruk, Head of M&A at MJM.

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