Industry Insurance Number of employees 400 Founded 2005 | Revenue 40 million GBP (2015) Headquarters London Type of business Private | |
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Key people Jason Stockwood (Group CEO)
Chris Slater (USA CEO)
David Summers (COO)
Fiona McSwein (CCO)
Alan Thomas (CCO)
Neil Edwards (CFO)
Lukas Oberhuber (CTO) Products Business insurance, Shop insurance and Landlord insurance Website www.simplybusiness.co.uk
www.simplybusiness.com Profiles | ||
Simply business manifesto
Simply Business is the trading name of Xbridge Ltd. It is the UK's largest online business insurance broker with 420,000 customers. The company has been featured in the Sunday Times Tech Track 100 four times and in 2015 and 2016 won The Sunday Times 100 Best Companies to Work For.
Contents
Compare landlord insurance quotes with our preferred provider simply business
History
Xbridge was founded in 2000 by Brad Liebmann, Ralph Arnold, Deno Fischer and Jim Nelson, who provided £1 million in seed capital. The company experimented with a variety of ventures, including building an online marketplace for lending to small businesses.
In 2005, under the founding guidance of Tony Deacon and Chris Slater, the company chose to specialise in small business insurance, launching an online quote comparison service under the Simply Business brand. In the same year, the company opened its customer care centre in Northampton.[3]
Jason Stockwood, formerly UK and International Managing Director of match.com, joined the company as CEO in May 2010.[4]
In 2011, Simply Business signed a white label deal with moneysupermarket.com and became their exclusive provider for business insurance.[5] In the same year, the company adopted the Agile software development methodology.[6]
In August 2012, the company celebrated its 200,000th customer.[7]
In July 2013 it was announced that the company had completed a management buy-out backed by the private equity firm AnaCap Financial Partners LLP.[8]
In February 2015 Simply Business was voted first in The Sunday Times 100 Best Companies To Work For.
Simply Business went on to win The Sunday Times 100 Best Companies To Work For 2016 with Jason Stockwood, Group CEO of Simply Business also scooping the award for the 'Best Leader' award at the ceremony.
Jason Stockwood is also known as the pioneer of an empowering leadership style and people-focused culture.
The mission within Simply Business is to Create Something Better, including through internal Hackathons, active charity engagement and Build-Measure-Learn principles.
Simply Business are also a sponsor of the Start-Up Awards.
In December 2016 Simply Business USA was launched with offices in Boston, Massachusetts.
In March 2017 Simply Business was acquired by US Insurer, Travelers Insurance, for £400m
Products
The company sells insurance online to small businesses, landlords and shops within the United Kingdom. The insurers on the panel include AXA, Hiscox, Ageas, UK General, Covea, NIG, Aro, Sherwood, AIG, LV=, Modus and Arag.
Simply Business also has its own brands Finsbury, Maltings and Chiswell Insurance, which are underwritten by AXA and Great Lakes (a fully owned subsidiary of MunichRe).
Key covers include public liability insurance, professional indemnity insurance, employers' liability insurance, landlords insurance, home emergency cover, boiler breakdown, legal expenses cover and commercial property landlord insurance.