Funds managed by Inflexion recently completed a £40m buyout of MyPolicy, a UK-based telematics insurance broker.
Inflexion is backing Patrick Quinn, CEO, and his management team to accelerate the business’s growth. As part of the buyout, the firm also introduced industry veteran Mark Wood as Chairman. Inflexion’s Tim Smallbone and Jonathan Ma will join the board on completion of the deal
Founded in 1995, MyPolicy provides broking, product design, pricing and monitoring of telematics motor insurance policies for first time drivers and other niches in the UK. The company leverages proprietary risk algorithms to analyze and interpret telematics driver data, applying this through its underwriting capacity and channels to market.