Insurtech start-up Equipsme today announces that industry veteran Russell Kilpatrick* has invested in the healthcare MGA and has been appointed Chairman.
Russell has been managing and developing MGAs since 1990. He has held a string of directorships including roles with ENCON Underwriting and the Schinnerer Group and founded a joint venture with ACE Gibraltar Holdings. In 2003 he set up Dual Corporate Risks and went on to hold several senior board level roles across the Dual portfolio of businesses.
Commenting on his appointment Russell says: “I am delighted to become part of the Equipsme team. They have taken great care to build a proposition that will open up the benefits of healthcare to businesses of all sizes who have previously struggled to find cover that really works for them. I genuinely believe that this business can bring about significant change and is going to have a major, positive impact on the health of the nation’s working population.”
Equipsme MD, Matthew Reed, adds:”It’s great that Russell has chosen not only to be an angel investor in our business, but has accepted the position of Chairman. He’s going to be a tremendous asset as we explore further funding options that will allow us to take advantage of strategic opportunities. And of course, he knows how to build a successful MGA! His achievements at Dual alone speak volumes for his business acumen and industry expertise. His experience will be invaluable in guiding us and challenging us as we grow Equipsme over the coming months and years.”
Distributed exclusively through the top independent brokers across the UK, Equipsme has created an affordable, easy to understand range of cover options ranging from £7 to £37 per employee per month. Employees can choose to upgrade their level of cover or add family members through their mobile devices.
*Russell’s appointment as Chairman is subject to approval from the Financial Conduct Authority.