Hyperion Insurance Group Creates 4th Business Unit

London-based Hyperion Insurance Group has announced the creation of a fourth business, Hyperion X to be launched January 1, 2019.

Hyperion X, led by Barnaby Rugge-Price as CEO and Elliot Richardson as Chairman, will focus on data and analytics and digital platform delivery. Hyperion X will also manage Hyperion’s third-party insurtech investments, as well as incubating its own start-up ventures. Hyperion X will sit alongside its existing broking businesses Howden Broking Group and RKH Specialty (‘RKH’) and MGA DUAL.

“Hyperion X is a clear demonstration of our continued commitment to delivering the best solutions for our clients in the most cost-effective way. As a Group, we have always embraced change. For us to continue as independent leaders in the markets in which we operate, investment in technology and data is critical . By combining our expertise in international insurance markets with improved business insights from data, we aim to enhance the products and services that we offer to our clients, to reduce the unacceptably high cost of doing business and to open up new markets.” –  Hyperion CEO, David Howden.

PS. Hyperion Insurance Group is an investor in London-based Azur Underwriting, a managing general agent established in 2016 to focus on high net worth clients. It has recently announced a £13.3m Series B round from several investors including AIG and Ascot. Recall strategic investments here.