Home & Legacy

Home & Legacy is an insurance company focused on providing high-value insurance products tailored for affluent clients, including home, auto, and landlord insurance solutions. Founded in 1995 in Milton Keynes, UK, Home & Legacy specializes in high-value insurance services. The company was sold to Allianz Group in June 2006 and has maintained its focus on affluent customers. Shaun Lowery, the current CEO and founder, has a history in the insurance sector and has not been noted to have founded other companies.

Home & Legacy recently completed a GROWTH round in which it raised GBP 20. 00 mn, the total amount raised to date being GBP 20. 00 mn with investors including Dunedin. Home & Legacy specializes in providing high-value insurance products tailored for affluent customers, focusing on homes, automobiles, and landlords.

The company's core offerings include comprehensive home insurance covering high-value properties and their contents; car insurance designed specifically for luxury vehicles; and specialized coverage for landlords managing premium rental properties. These products address the unique risks and needs of high-net-worth individuals, ensuring extensive coverage options and personalized service. The company primarily serves affluent homeowners, luxury vehicle owners, and property landlords across the UK and select regions in Europe, emphasizing a client-centric approach in delivering tailored solutions. Home & Legacy generates revenue through a structured model primarily based on insurance premiums collected from policyholders.

For the year 2023, the company reported a revenue of GBP 2,416,966 and an EBITDA of GBP 806,070. Clients typically enter into agreements for insurance coverage, paying annual or multi-year premiums depending on their selected policies. The company's insurance products, including its flagship high-value home and car insurance, are priced based on factors such as property value, vehicle type, and coverage limits, ensuring customized insurance solutions that reflect individual circumstances. Home & Legacy’s transactional framework is predominantly B2C, engaging directly with consumers for policy purchases and renewals, thereby maintaining direct client relationships.

Looking ahead, Home & Legacy is focusing on expanding its product offerings and geographic reach. The company plans to launch new insurance products tailored for emerging affluent markets by the end of 2024, leveraging recent funding to support these initiatives. The recent GROWTH funding round will enhance its capabilities in product development and market expansion. Home & Legacy aims to penetrate additional European markets, enhancing its presence in regions with growing affluent populations.

Following its previous success, the company intends to build upon its historical sales growth while continuing to prioritize high-value insurance solutions.