Lionel Isaacs acquires strategic stake in Insure Corp

JOHANNESBURG - Aug. 6, 2015 - PRLog -- Founded in 1965, Lionel Isaacs Insurance Brokers (LIIB), one of South Africa’s leading insurance brokerages, has acquired a stake in Insure Corp.

Insure Corp, founded by insurance authority Clive Sussman, is a specialist insurance brokerage with half a century of intellectual property, focuses on delivering insurance solutions to high net worth individuals and leading businesses.

Insure Corp has been approached as an acquisition target by many long standing and leading financial services groups. Sussman comments, “LIIB was an obvious choice for us, and stood out as a strong strategic partner for us.  Apart from their long standing history in the insurance domain, the value system between the partners and vision of the companies is strongly aligned.”

“Together with LIIB, we are both able to leverage off core strengths of the broader group, where  innovation, leading edge technology platforms and long standing personal relationships give us a hugely competitive edge.  Our national coverage and unique group schemes for high nett-worth, commercial and domestic clients are an industry first. Being able to settle claims in-house on behalf of their insurance companies and internally manage all related compliance documentation, is just one of our differentiators,” says Sussman.

He explains that he and his team at Insure Corp decided to add additional value of services to the company’s valuable clients. “We have also now added our own assessors which speeds up the claims and settling process.This gives us a substantial competitive advantage,” Sussman concludes.

“While we have the latest innovative technology that enables our operation to remain a step ahead, we have bundled the human relationship and touchpoint to ensure we are closely connected with our workforce and most importantly our customers. Nothing can replace the personal service or relationship,” he adds.

“We are extremely excited about our partnership with Insure Corp,” says Lance Williams, director of LIIB and MD of the i capital Group. “Insure Corp, as lead by its founder and CEO Clive Sussman, have extensive knowledge and expertise in the South African short-term insurance market.  They deliver a unique value proposition and together with them we are hugely excited and look forward to the continued growth of Insure Corp in the local Southern African market.”.