Challenger insurer set to enter protection market

After securing £180m start-up funding

clock • 2 min read

Entrepreneurial start-up business Gryphon Group Holdings has raised £180m in funding to design and build an 'insurance challenger' that seeks to protect more families in the UK.

The insuretech company will focus initially on life, critical illness and income protection and will announce the insurer's brand name later in the year. It will be harnessing digital and cloud based technologies. According to Gryphon Group Holdings, the new company "will be people-centred not technology-led, putting customer and adviser needs at the heart of its business". Its co-founders are chief executive officer Daniel Pender, former executive director at Prudential and UK life chief financial officer at Zurich; and chief operating officer, Simon Davis, former chief risk officer ...

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