Insurance heavyweights Max Carruthers and Bradley Brandon-Cross have launched a new intermediary that aims to handle £350m of premium income within three years by offering branded services.
The new venture, the Rubicon Corporation, targets a £10 bn insurance market written under 700 brands, such as banks, building societies and major retailers.
Rubicon will provide initial quotation and sale, mid-term adjustment, policy renewal and claims handling for their clients.
“We are offering the first end-to-end solution in the market – no-one else does that,” said Carruthers.
“It means product design and sourcing, in and out-bound sales, mid-term adjustments, claims recording, adjudication and settlement, renewal quotation and sales.”
Carruthers, the former group director of Eastgate, and Brandon-Cross, the former managing director of GE Financial Insurance, claim to have a large warchest to fund rapid acquisition and 1,000 staff at sites across the UK.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
