Simply Business is a digital broker and agency for small business insurance.
History
Xbridge, Simply Business’ holding company, was founded by Brad Liebmann.
Simply Business was launched in 2005 as an online broker for business insurance and the trading name of Xbridge.
In 2010,
Jason Stockwood joined the company as chief executive officer.
In July 2013 the company completed a management buy-out backed by the private equity firm
AnaCap Financial Partners. In April 2015, AnaCap sold its stake in Simply Business to Aquiline Capital Partners for £120m.
Simply Business launched their first office in the United States in December 2016. In August 2017,
The Travelers Companies
The Travelers Companies, Inc., commonly known as Travelers, is an American multinational insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance t ...
acquired the company from Aquiline Capital Partners for approximately $490 million.
In November 2018, David Summers, then UK CEO, replaced Jason Stockwood as Group CEO.
In 2021, Simply Business was selected to participate in the Amazon Insurance Accelerator Program to distribute general liability coverage to
Amazon
Amazon most often refers to:
* Amazon River, in South America
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* Amazon (company), an American multinational technology company
* Amazons, a tribe of female warriors in Greek myth ...
sellers. As of 2022, the company's revenue was reportedly £148.6m.
The company is a
certified B Corp. As of 2023, the company had over 900,000 customers globally.
References
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Online insurance companies
Insurance companies of the United Kingdom
Financial services companies established in 2005
B Lab-certified corporations