Discount mulberry australia Outlet Loan Protector Insurance Services CEO buys out firm from prior owner Willis Towers Watson

mulberry style handbag Loan Protector Insurance Services CEO buys out firm from prior owner Willis Towers Watson

Loan Protector Insurance Services of Solon has been bought out by Dennis Swit, its managing partner and CEO since 2010, from its previous owner, global insurance brokerage Willis Towers Watson, the firm has announced.

Terms of the deal, expected to close on Jan. 31, were not disclosed.

Loan Protector was privately held until 2007, when its prior owner sold to Willis Group, which in 2016 merged with Towers Watson, creating Willis Towers Watson, a $7.5 billion annual business.

“I approached Willis on the buyout due to the fact our business is unlike other businesses held by Willis Towers Watson,
Discount mulberry australia Outlet Loan Protector Insurance Services CEO buys out firm from prior owner Willis Towers Watson
” Swit said, adding it often took “an act of God” to get the company to invest back into Loan Protector.

Swit said he approached management about buying out the company in 2007 during the acquisition of the holding company, and then again in 2012.

“Now we are able to freely re invest back into the company, employees, client relationships, technologies and be more agile rather than have to go through a formal requisition process and other proposals for money spends,” Swit said. “We are just able to move more freely and make direct impacts to the future of the organization and grow at an even greater pace than we were as part of a publicly traded entity.”

Nothing will really change with the business which counts about 150 staff, and Swit declined to disclose annual revenues with the ownership transition besides the refreshed control over company finances. Swit said “well over” $1 million is earmarked for investments in technology, including software and a web based call center.

Swit said he’s also looking to make some acquisitions to bolster the business “in the next year or two.”

“There are a lot of smaller, lender placed insurance agencies across the country that could benefit from a relationship with someone of our size technological capabilities,” he said.
Discount mulberry australia Outlet Loan Protector Insurance Services CEO buys out firm from prior owner Willis Towers Watson