Non-Insurance corporate subsidiary set-up: Lenny Insurance Limited

“We engaged Davies Insurance Services 18 months ago following a personal recommendation from the CEO of a highly respected Insurtech start-up in my network.

At the time, I sought their assistance in two key areas:

  1. Sourcing capacity for our niche short term motor product
  2. Support in setting up our regulatory framework

Chris Butcher was our first touch point with the business and subsequently assembled a team comprising key people from Davies Insurance Services brokerage and underwriting subsidiaries to help us source A-rated capacity and set up our back office operations (authorisation, compliance regime, banking facilities etc.) from scratch.

The service we have received from Davies thus far has been second to none, and it is safe to say that we would not have progressed as quickly as we have without them. Chris sits on our board and has become a trusted advisor and mentor to me personally.

Aside from being extremely competent and reliable, the team at Davies are an absolute pleasure to work with and we see them as an extension of our own team.”

How We Helped

As a wholly owned subsidiary of Jaguar Land Rover Limited, Lenny is an Insurtech start-up that provides young people with short term car insurance from as little as an hour to 28 days.

We assisted with the creation of a pay-as-you go, motor insurance provider for a world renowned car brand, to develop innovative ways to attract new customers to their business.

The Results

We successfully launched an app based, short-term, insurance offering targeted at millennials backed by Covea Insurance plc.

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