Bridgepoint acquires majority stake in VIPR

Bridgepoint has acquired a majority stake in VIPR , a London-based provider of technology for the delegated authority insurance market.

Founded in 2009, VIPR has about 100 employees, according to LinkedIn, with headcount up 8% over the past year. Its platform processes around 500,000 bordereaux annually, representing approximately $12 billion in gross written premium.

The investment was made through Bridgepoint Growth. The private equity firm plans to support further product development, expansion of VIPR’s AI capabilities and international growth.

Existing investor Tenzing will fully exit the business, while co-founder and CEO Paul Templar and the management team will reinvest and continue leading the company.