UK-Based Gryphon Raises £180M to Launch Protection Insurer

London-based Gryphon Group Holdings Limited, led by Daniel Pender (CEO) and Simon Davis (COO), announced it has raised £180M to launch a new insurance company that will offer life, critical illness and income protection coverage . “We are creating what we think protection should look like in today’s digital age” – CEO Daniel Pender.

According to the company’s site, the startup will make the most of digital and cloud based technologies, and will build intuitive products and processes, which are simple to understand and easy to use. Also, it will deploy a B2B2C strategy. Bottom Line: the company’s brand will be announced at a later time.

Recall 2017 insurance-related investments here.