L&E in MBO

London & European Title Insurance Services (L&E) has departed from its French parent company, the APRIL Group, following a management buyout led by Christopher Taylor, Chief Executive Officer of L&E.

Taylor commented: “In the challenges of the current times, APRIL wants to focus on its core businesses and its traditional wholesale brokerage model. L&E does not sit logically within this model and so the timing was right for our businesses to part amicably.

“Our business has flourished over the past nine years while part of the APRIL Group. We have forged a position as the UK’s leading title insurer and diversified beyond our core proposition to now offer a suite of products and services designed to bring speed, simplicity and security to property transactions.

“We have recently introduced further enhancements to our market leading online conveyancing platform, and launched a brand new service for lenders at the beginning of the year – and there’s more in the pipeline. I firmly believe that there is a tremendous opportunity to expand our horizons even further and grow our business as the economy slowly starts to recover.

David Cochet, director of Shareholdings of APRIL Group Dommages Particuliers, said: “Christopher’s proven market expertise has driven London & European forward, and we are  confident that he has both the energy and vision to ensure its future success. We wish him and his team well.”

Taylor has 20 years’ experience of the UK financial services industry and joined L&E ten years ago. He has been a member of its board for the past seven years and was appointed CEO in January 2006.