Congratulations to the winner Allianz Insurance who is one of the largest general insurers in the UK which offers commercial insurance with a full range of products for sole traders, right up to large commercial organisations.
Livingbridge are experienced investors in the insurance space. In 2014 we invested in Kingsbridge Insurance, one of the UK’s leading provider of insurance services tailored to meet the needs of contractors, freelancers and independent professionals, as well as the compliance requirements of partners including recruiters and accountants. During the two years of the investment Kingsbridge more than doubled in size, trebled its profits and at exit boasted revenues of almost £7 million.
More recently in 2018, we backed Coversure Insurance Services, one of the UK’s leading independent insurance brokers. During our investment we will work closely with the management team to explore new opportunities and provide the impetus needed to accelerate growth, both on and off the high street
Our particular expertise in the insurance sector allows us to work with the management teams to expand franchise operations via acquisitions, new locations and services offered. In addition, we have a wealth of experience in delivering growth via extending product ranges, accessibility and investment in technology.
Xavier Woodward, who leads Livingbridge investments in the insurance sector presented the award on the night