Companions& secures new debt facility to assist drive development – Insurance coverage Age

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Partners& acquires Switch Health - Insurance Age

Companions& has secured a £20m debt facility with Santander UK to assist it proceed its natural and acquisitive development.

Based in April 2020, Companions& has beforehand operated completely with fairness capital from its long-term accomplice, Capital Z and administration/staff.

The beginning-up noticed 5 broking companies come collectively to type the platform of the brand new enterprise – MRIB and Independents, La Playa, CGI and Versatile. The mixture created a workforce of 140 folks, primarily based in 9 places of work controlling roughly £65m in gross written premiums.

In its most up-to-date Corporations Home outcomes submitting, Companions& reported

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