The company brings together two specialist real estate insurance brokers, APIS and ICP, which manage total insurance premiums of approximately £14m.
Allanfield said that its listing on AIM is designed to facilitate both organic growth and future acquisitions. Market capitalisation on admission was £11.3m.
The team at Redleaf Polhill is led by Samantha Robbins, director, City and corporate.
Following its listing, the firm is launching a loyalty scheme to encourage clients to retain and grow insurance cover managed by rewarding them with shares in a new subsidiary of Allanfield, which may be exchanged for cash and/or shares in Allanfield at the end of a three-year period.
Allanfield said a number of key clients have committed to continue to place their business with the group for at least three years from the date of admission.