Kingsbridge Contractor Insurance

Kingsbridge Contractor Insurance operates as a specialized insurance provider catering to the United Kingdom's growing contingent workforce. Founded in 2007 by Steve Wynne, an entrepreneur with a 20-year background in major UK insurers and brokerage groups, the company was established to address the specific insurance needs of contractors, freelancers, and independent professionals. Wynne's journey in the insurance sector includes founding and successfully selling a business in the late 1990s before launching Kingsbridge.

The firm's business model is centered on providing a comprehensive and compliant package of business insurance, simplifying the process for self-employed individuals. Revenue is generated through the sale of these insurance policies. The core product combines key coverages such as professional indemnity, public liability, and employers’ liability into a single offering. This approach targets the main exposures that freelancers and contractors face in their operations. The company serves a diverse client base of over 55,000 customers across a wide array of sectors, including IT, engineering, banking, finance, energy, and management consultancy.

In March 2020, Kingsbridge Group, the parent company, was acquired by NSM Insurance Group, a prominent U.S.-based administrator of specialty insurance programs. This acquisition was positioned to support Kingsbridge's ongoing growth strategy while allowing the existing management team to continue overseeing daily operations. Before the acquisition, Kingsbridge had been backed by private equity firms, including a venture round from Livingbridge in 2014 and a subsequent investment from Dunedin LLP in 2016. Under this private equity ownership, the company expanded its client base and revenue significantly. The company has received accolades such as the 2018 Independent Broker of the Year by Insurance Times. As of early 2022, Paul Havenhand, who previously served as Managing Director, was appointed CEO of Kingsbridge Group.

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