Three Rock Group appoints Matthew Donaldson as Chairman

Livingbridge Private Equity backed Three Rock Group announced today the appointment of Matthew Donaldson as Chairman.

Matthew’s appointment marks an acceleration of Three Rocks strategic ambition to widen their reach within existing personal lines sector and expand their portfolio of complimentary financial services products. Three Rock Group is comprised of Chill Insurance, Irelands largest independent personal lines distribution platform, Chill Money and Ivernia, a captive MGA.

Matthew has extensive experience in the Financial Services and Insurance sector, most recently as Group CEO of BGL Group, the leading digital distributor of Insurance and Household Financial Services in the UK and France. In his early career, Matthew led the development of BGL’s digital strategy resulting in the creation of comparethemarket.com and oversaw its growth to become the largest price comparison site in the UK. Appointed to Group CEO in 2013, Matthew was fundamental to the growth of BGL Group, demonstrated by its Number 5 ranking in the Sunday Times Top Track 250. He brings extensive experience of rapidly scaling businesses across a range of markets and business models.

CEO Michael McLaughlin, commented:

“I am delighted to welcome Matthew as Chairman of Three Rock Group to build on our strong entrepreneurial culture and join us on the next stage in our growth journey. Matthew has a successful track record in building highly successful digital consumer businesses and his expertise will be invaluable as we continue our growth acceleration.”

The group has successfully disrupted the Irish personal lines insurance market through its strong brand and multi-channel distribution capabilities offering high quality service, whole of market choice through a panel of 14 major insurance carriers at competitive prices direct to its customers. In June 2020 the group successfully secured investment from Livingbridge, a UK based private equity firm with a successful track record in scaling Insurance businesses.


For further information, please contact:

Livingbridge
Ghada Shawki
020 7506 5600 / ghada.shawki@livingbridge.com

Citigate Dewe Rogerson
Patrick Evans / Camilla Wyatt
07774 133934 / 07585 706829 / camilla.wyatt@citigatedewerogerson.com

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