Specialist insurance provider Vantage Holdings has rebranded as Kingfisher, following a 12-month change and transformation programme.
The relaunched group, which is focused on the UK specialist risk sector,also outlined a new development strategy based on organic growth and acquisition in its latest announcement.
Kingfisher comprises established brokers in the specialist risk market covering non-standard lines. including motor covering telematics, young drivers, vans, classic and collectable cars, leisure and travel and its managing general agent, First Underwriting.
It handled gross written premiums of £124m in 2019, and is now looking to increase this four-fold over the next five years. It has over 300 employees, spread across its centre of excellence in London, Redditch, Brentwood, Halesowen and Farnham.
A multi-million-pound investment programme has also been implemented ahead of the new launch.
The transformation programme includes a new operating model underpinned by new technology and efficient processes, the setting up of a central support function based in Redditch, the hiring of new skills and talent and the establishment of a new management team.
The group has also made a host of new senior management appointments over the last 10 months, including Andy James as chief commercial officer and Bruce Gray, chief financial officer at Kingfisher Holdings.
Jacquie Boast, CEO of Kingfisher, said: “Having now completed the change and transformation programme with our existing portfolio, we now have the base from which to support growth across our chosen specialist insurance markets.
“We believe that our combination of deep-rooted specialist knowledge and market understanding, with our new operating model and capabilities, means we are an ideal home for established best of breed specialist insurance brokers looking to move their businesses forward.”
Boast added: “The combination of talent, technology, and a new operating model were essential to ensure the group’s businesses have the tools they need to meet and exceed changing customer expectations.
“Kingfisher is all about putting customers at the heart of what we do, enabling them to work with us through whichever channel they want.”