Abacai has an opportunity to drive insurtech consolidation but will not pay over the odds, says co-founder Hay Print this page
Backed by Sun Capital Partners, the new insurtech business fronted by former Aviva group CEO Mark Wilson has already added non-standard motor specialist Complete Cover Group and temporary cover broker
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Ex-Aviva boss Mark Wilson to lead insurtech venture after merger with Complete Cover Group Print this page
Former Aviva boss Mark Wilson has teamed up with private equity firm Sun Capital Partners to launch a new insurtech venture, Abacai Holdings.
According to a statement, Abacai is to merge with Complete Cover Group (CCG), which has been owned by Sun Capital since early 2020.
The business explained that Abacai will invest an initial £50m in the creation of an entirely new AI-based insurtech platform.
It also revealed plans to expand its footprint and enter additional markets by making
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What is home emergency cover?
Home emergency cover is usually an additional cover to your standard home and contents insurance policy. It covers you should an event an occur that makes your home uninhabitable, causes permanent damage, risks your health and safety or makes your home unsafe. For example, a boiler breaking down would be an emergency, along with burst pipes and even lost keys or an infestation of mice or rats. You will need to check with your home emergency provider exactly what events they will cover, for example some policies will include boilers as a standard while other will need a stand-alone policy.
What is the best home emergency cover? | moneyfacts co uk moneyfacts.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyfacts.co.uk Daily Mail and Mail on Sunday newspapers.