Seneca backs Insurance firm MBO

Seneca backs Insurance firm MBO

Seneca Partners backs the Management Buy-out of Macclesfield based leading Insurance specialist

The Insurance Surgery is a leading ‘high risk’ insurance specialist for clients who have pre-existing medical conditions, hazardous occupations and for extreme sports. The business has been acquired by Seneca for an undisclosed sum to help its team of experts to grow and develop this unique insurance business.

The team at the The Insurance Surgery will be led by Managing Director Dan Sharpe who commented:

“We are delighted to have acquired the business from Paul Mellor who founded the business in 1999 and we wish him every success in the future. We are now extremely excited about this unique opportunity to help grow our specialist insurance business with the help and backing of Seneca. Our aim is to continue to offer a market leading service to our clients and to help continue to revolutionise the special risks insurance market by working closely with providers, medical charities and even medical technology companies.”

Tim Murphy of Seneca who will be joining the Board commented:

“This is exactly the type of dynamic team and specialist business that we look to back. There is a massive opportunity to expand the business by increasing the consumer’s awareness of their services which have the potential to deliver far lower life cover premiums and importantly, policies that deliver for people with pre-existing medical conditions.”

 

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