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Syntaxis Capital invests in Polish insurance broker BIK Brokers

10 Feb 2014

insurance contract formMezzanine investor Syntaxis Capital has completed its investment in Polish motor insurance broker BIK Brokers.

The Gdansk-based company acts as an intermediary between its wide range of blue-chip clients including leasing companies and vehicle manufacturers and Polish insurance groups.

BIK helps to analyse, structure and secure party liability insurance, CASCO cover and claims management.

Syntaxis partner Przemek Szczepanski said, “Having screened the insurance intermediation market we identified BIK as an attractive target – an innovation leader providing world class services to a blue chip customer base.

“We believe the company has strong organic growth potential and is a great platform for a buy-and-build strategy. We are also impressed by quality of the management team, which has devised a comprehensive long-term growth plan.”

In December last year Syntaxis hired Rupert Coull to focus on environmental, social and governance (ESG) principles.

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