New protection insurer to enter the market after securing £180m start-up funding

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New protection insurer to enter the market after securing £180m start-up funding

Entrepreneurial start-up company Gryphon Group Holdings Limited, has raised £180m in funding to design and build an 'insurance challenger' that seeks to protect more families in the UK.

The insuretech company will focus initially on life, critical illness and income protection and will announce the insurer's brand name later in the year. It will be harnessing digital and cloud based technologies. The business said that it "will be people-centred not technology-led, putting customer and adviser needs at the heart of its business." Its co-founders are Chief Executive Officer, Daniel Pender, former Executive Director at Prudential and UK Life Chief Financial Officer at Zu...

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