Reassured, now the largest FCA regulated life insurance broker in the UK, has agreed an undisclosed minority growth capital investment from private equity firm Bridgepoint Development Capital.
Reassured has helped protect over 814,000 UK families since forming in 2009. They have also acquired over 42,000 “Excellent” independent Trustpilot reviews from satisfied customers.
The investment will enable Reassured to continue to lead the growth of the life insurance sector, invest in new technology to improve scalability and optimise efficiency, as well as the future development of new products.
Steve Marshall (Reassured CEO): “We have been growing and developing our business at an unprecedented rate over the last few years, as we engage with new partners and tap into new customer bases through our internal marketing efforts.
Partnering with Bridgepoint and its substantial expertise in growing businesses creates an opportunity to build and diversify our business even further, as we cement our position as a meaningful financial services sales platform with multiple products, able to offer protection to more families than ever before.”
This investment has already started to yield exciting results, with new sales offices opening in Bristol, Brighton, Chester and Bournemouth during the last 3 months alone, with more UK expansion planned in the coming months. All of this growth occurring during the global Covid-19 pandemic and offering great employment opportunities at this challenging economic time.
Matt Potashnick, founder of Swiftcover and former CIO at AXA, has also joined the Reassured board to spearhead the firm’s ambitious digital sales strategy which will complement its market-leading non-advised telesales business.
Matt Potashnick (Reassured CIO): “As an entrepreneur at heart, the opportunity to join a rapidly growing business such as Reassured was exciting.
The business is already thriving and has grown to a substantial size over the past decade but there is significant room for more growth and a lack of legacy technology systems, making it well placed to create a truly market-leading proposition for the direct purchase of Life Insurance and ancillary products.”
The importance of life insurance protection to safeguard the financial future of loved ones has rarely felt so poignant as it does currently.
You can compare life insurance quotes free of charge and with no-obligation with Reassured.