Quindell adds to shareholding in Lineker-backed insurance offering
Quindell Portfolio has paid £2.85m cash for a further 16.4% stake in Ingenie, the insurance intermediary digital brand aimed at young drivers.
The investment takes Quindell's holding in Ingenie to approximately 19.7%.
The service was launched in November last year and is targeted at drivers aged 17 to 25. It operates online and fits customers' cars with a black box telematics system with policies currently solely underwritten by Ageas.
Quindell highlighted that the telematics technology had been developed in partnership with the Williams Formula 1 team who are investors in Ingenie as is Gary Lineker, who is actively involved in the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Pen inks £150m social housing capacity deal with SiriusPoint
- RSA and NIG brands to become one next year but undecided on name