View more on these topics

Insurance bosses raise £180m for protection launch

A start-up company co-founded by a former Prudential executive has raised £180m to build a new protection insurer for the UK market.

Gryphon Group Holdings is run by Daniel Pender as chief executive and Simon Davis as chief operating officer.

Pender is a former executive director and former UK Life chief financial officer at Zurich, while Davis is a former chief risk officer at Guardian and former corporate services director at Admin Re.

The company, which will reveal its brand name later this year will focus on offering life cover, critical illness cover and income protection.

It has been backed by Punter Southall Group and institutional investor Leadenhall Capital Partners.

Gryphon Group Holdings chief executive Daniel Pender says: “We are creating what we think protection should look like in today’s digital age.

“Technology has moved on remarkably and our ambition is to embrace that, bringing an intuitive customer offer and adviser experience to market.  This will give certainty to advisers when recommending our products and enable families to feel confident that we can offer the insurance that they need.”


What we can learn from the US about protection

Portland, Maine, is the hub of the US disability insurance industry and a number of us are here to learn about this interesting market. After just one day, it is already clear our colleagues across the pond have very similar challenges when it comes to consumer apathy and poor knowledge of protection solutions. For a […]


Phil Jeynes: A new age for online protection applications

Technology companies have historically had a bit of a reputation for taking themselves too seriously and not speaking the same language as the rest of the world. But it is increasingly important that technology and business works hand in hand, since a large proportion of sales take place online. In the protection market, recent research […]

The Merchants Trust

Simon Gergel, portfolio manager, The Merchants Trust, Allianz Global Investors, discusses the aim and objective of the fund, what challenges there are in running a concentrated portfolio, where to find the most value in equity markets and how the portfolio is currently positioned.


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Hard sell, foot in the door (digitally?) here we come. And we get commission!

Leave a comment