Endsleigh Insurance
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Parent A-Plan Holdings | | |
| Website | www | |
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Endsleigh Insurance is a British insurance intermediary based in Cheltenham, specialising in the student, education, graduate and sport markets. It is the preferred insurer for several unions and professional associations.
Endsleigh was established in 1965 by National Union of Students (NUS).
In March 2018, Endsleigh was acquired by A-Plan Holdings, and is the only official and approved insurer of National Union of Students. The current CEO of Endsleigh is Alison Meckiffe.
History
Conceived by the former
In 1970 Endsleigh moved from its London headquarters to Cheltenham.
In 1976 the NUS sold 100% of the company to Gouda Insurance International, as it was felt a stronger financial base was needed to fully exploit market opportunities. The NUS retained two seats on the board and in 1982 bought back a 14% shareholding. In July 1995, Endsleigh's founder and still driving influence, Mike Naylor, was killed in a car crash in Southern France at the age of 59.
From 1993 to 1996, Endsleigh sponsored the
Zurich
In April 2002, a management buyout, led by the Managing Director, Mike Alcock, bought out Gouda and formed a partnership with
The company moved into the business market in 2000, and this combined with a 25% increase in customer base helped profits leap from £2.5m in 2000 to £8.6m in 2003. In February 2005 the 'Sunday Times PricewaterhouseCoopers Profit Track 100' rated Endsleigh as the 76th fastest growing company in the UK, at 52% a year.
In January 2007, Zurich acquired 100% shareholding. As of 1 September 2008, Endsleigh discontinued operating its local branch service (which was made up of 119 UK Branches). This was followed in early 2011 by the closure of the operations centre in Belfast, and the firm is now operated from its Cheltenham Head Office. The Cheltenham location also manages all non-sales related areas of the business, such as Marketing, Finance, IT, and the company's subsidiary businesses dealing with financial advice and business insurance, among other interests.[2]
A-Plan Holdings
In March 2018, Endsleigh was acquired by A-Plan Holdings.
References
- ^ Endsleigh Street was named after the Duke's Devon country house Endsleigh Cottage.
- ^ Insurance giant Zurich to offload students’ favourite Endsleigh - The Swiss insurer has hired bankers to explore a sale of the popular students’ insurance brand, Sky News understands. 17:34, UK, Thursday 19 October 2017