Policy Expert positioned for growth as Cinven acquires 50% shareholding
Policy Expert (‘the Company’), the award-winning home and motor insurance provider, has secured new backing from international private equity firm Cinven to support its expansion plans and broader growth strategy.
Cinven’s Strategic Financials Fund has agreed to acquire a 50% interest in Policy Expert from its current owner, a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The financial details of the transaction have not been disclosed.
Policy Expert has been one of the UK’s fastest growing insurance businesses since it was founded in 2011. The Company operates as a Managing General Agent (MGA), allowing it to provide insurance solutions with a capital-light business model. From its office network across London, Milton Keynes, Tonbridge and Motherwell, the Company currently serves more than 1.5 million customers in the UK across home and motor insurance segments and plans to launch into pet insurance this year.
Cinven believes that Policy Expert represents a highly attractive investment opportunity due to its:
- Established position in a large and growing market: Policy Expert has built a strong position in the UK insurance market, benefitting from increasing consumer demand for competitively priced insurance products and personalised service;
- Attractive business model: as an MGA, Policy Expert combines the economic models of traditional insurers with the flexibility and scalability of a capital light and tech led business model;
- Track-record of growth and profitability: Policy Expert has demonstrated consistent organic growth since it was founded in 2011, driven by its ability to innovate and adapt its insurance products to evolving market demands; and
- Strong management team: Policy Expert’s experienced leadership team has been instrumental to driving the Company’s growth through continued innovation.
