Gryphon Group Holdings

Gryphon Group Holdings Limited, the insurtech start-up that hopes to launch disruptive insurance ventures into established sectors and that raised £180 million, including capital from ILS fund manager Leadenhall Capital Partners, has acquired Guardian Assurance Limited and will operate the protection business it is building under the Guardian brand.

Specialist insurance and reinsurance linked investment manager Leadenhall Capital Partners has invested in the launch of what is being called an “insurance challenger” start-up, a new initiative to launch an insurer that will leverage InsurTech and a fresh approach to protect more UK families.