LDC invests in Uinsure

Uinsure is a cloud-based technology business that connects financial intermediaries and lenders with insurers.

  • LDC aims to increase Uinsure’s market share
  • Uinsure has invested heavily in its technology capability in recent years
  • LDC is the private equity arm of Lloyds Banking Group

LDC has made an investment in insurtech business Uinsure.

Uinsure, based in Manchester in England, is a cloud-based technology business that connects financial intermediaries and lenders with UK insurers.

Uinsure has achieved 27 percent compound annual revenue growth over the last 10 years, according to a press release. The company has invested heavily in its technology capability in recent years, including in new application programming interface integrations.

LDC’s investment and strategic support will increase its market share further, while developing new markets, as well as growing its network of partnerships with intermediaries, major building societies and banks, the release added.

As part of the transaction, Peter Thompson, former CEO of BGL Insurance has joined Uinsure as a non-executive director.

“Uinsure’s recent large-scale investment in its technology means it is perfectly placed to serve its target market by offering a digital-first solution with a competitive edge,” said  Aziz Ul-Haq, partner at LDC in the North West.

LDC is the private equity arm of Lloyds Banking Group, headquartered in London.

LDC was advised by DLA Piper, KPMG, and LEK.