Ex-Hastings boss Utley on Percayso investment and the state of UK motor market

Neil Utley’s investment in data intelligence provider Percayso Inform was spurred on by an understanding that the insurtech would have made his job a lot easier had it existed when he was chair of Hastings Direct.

The former insurance executive, who numbers Cox [latterly Equity Insurance Group], Privilege and Direct Line among the businesses he has held senior positions at, led the recent £2.7m fundraise alongside existing venture capital investor Praetura Ventures.

Risk selection

Following his involvement Utley (pictured), told Insurance Age: “When I bought Hastings, it was one of the biggest advertisers on TV in the UK, but it could not really afford the amount of airtime it was buying.

“So that had

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 copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Arch goes live on Applied

Applied has confirmed that Arch Insurance has launched a specialist property owners insurance product on its commercial e-trading panel.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: