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Granite Underwriting

Inflexion invested in Granite Underwriting, a leading specialist motor insurance business, in December 2018.

  • Sector

    Financial services

  • Headquarters

    Liverpool, UK

  • Fund

    Partnership Capital

  • Investment date

    December 2018

  • Status

    Current

The company

Established in 1982, Liverpool-based Granite comprises a number of brands which distribute specialist motor insurance, catering to drivers of private hire taxis, black taxis, Uber and other large operators in the sector as well as specialist cover for private car and light commercial vehicles. Its services are marketed through retail branches, price comparison websites, brokers, its own website and a call centre. Granite’s core strength is its data-driven business model, combined with control of the full value chain including distribution, underwriting, claims handling, premium finance, investment management and vehicle hire.

The Inflexion difference

As we are a minority investor in the company, the business will continue to be run by the existing management team led by founding shareholders. Granite is the clear market leader in the specialist space, with a 25% share of the UK taxi insurance market. We will use our industry expertise and experience in digital innovation to work with Granite to help grow their market share and increase efficiency.