Open GI is the UK and Ireland’s leading supplier of business-critical software and services to the general insurance market, supporting an estimated 19,000 users, including insurers, brokers and aggregators, operating across almost 2,000 sites. The business enjoys long term customer relationships and has a strong track record of product innovation, including tools to enable the electronic trading of personal lines insurance and ecommerce platforms. In 2013, Open International acquired PowerPlace, an online commercial insurance marketplace, which distributes commercial insurance products electronically via its base of around 1,200 broking firms and is integrated with Open GI’s software platform.
Chris Guillaume, CEO, Open International, said:
Edward Shuckburgh, Director, Montagu Private Equity LLP, said:
The transaction will complete following approval by the Financial Conduct Authority (FCA).
Group Head of Marketing & PR
Notes to Editors:
Open GI is the leading technology partner to general insurance brokers in the UK and Irish markets. Its Core broking platform provides multi-line, multi-channel, multi-brand trading capability complemented by innovative ecommerce and mobile technologies. Open GI is part of the Open International Group alongside sister companies PowerPlace, Open GI London and Blue Fire Communications.