Bridges Ventures and Magenta Partners co-invested to launch Halo Insurance Services Ltd, an Uxbridge, UK-based provider of innovative niche insurance products for the wholesale and retail markets.
Halo also announces that Alistair Tillen, former co-founder of SimplySwitch, joins its board.
It will operate on-line under the retail brand of “iCarhireinsurance.com” and through brokers as “Halo Insurance”.
iCarhireinsurance.com allows the consumer to buy excess insurance on-line before they travel rather than at the desk when they pick up their rental car with cheaper prices than car rental companies.
Halo Insurance Services Ltd was founded by Ernesto Suarez, an insurance professional with over 10 years’ experience in the industry.