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Right Choice Insurance Brokers, a UK-based motor insurance agent, got a £28m minority speculation from private value firm LDC.
The activity was driven by Yann Souillard, Steve Aston and Aylesh Patel at LDC, with Yann and Steve both joining the board as non-official directors close by non-official executive Ian Owen. Having sat on the leading body of industry tycoon including Zurich and Liverpool Victoria and individual lines authorities, for example, A-Plan, Owen brings an abundance of industry encounter.
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Mike Joseph, chief executive of Right Choice Insurance Brokers, said: “We have grown organically from day one, and over the last 10 years have achieved significant scale as a result of our unique business model and technology platform.
“We’re now at the stage where investment is paramount to enable us to push on to the next phase of our growth plans. Having held a longstanding relationship with LDC, partnering with them was a natural fit and we are excited to move forward with our shared ambition.”
The organization plans to utilize the assets to invest in further developing its proprietary software and innovation platform to increase the growth.
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