Company profile: Magenta Insurance
1.1 - Company Overview
Company description
- Provider of underwriting and property insurance solutions for brokers and IFAs across the UK, combining innovative technology with appropriate policies. Offerings include cover for non-standard builds, subsidence and previous insurance issues; Flood RE flood cover through a government-backed scheme; Escape of Water mitigation using Waterlock technology; higher value buildings and contents policies; renovation cover; and unoccupied property insurance.
Products and services
- Escape of Water (EOW) Scheme: Delivers technology-enabled risk mitigation using Waterlock™ to detect water and shut off mains supply, reducing water damage in at-risk properties
- Flood RE: Supplies government-backed flood cover for properties that have previously flooded or may flood in the future, supporting property insurance where flood risk exists
- Property Insurance Solutions: Offers UK-wide cover to brokers and IFAs, addressing non-standard builds, subsidence, and previous insurance issues with underwriting for complex property risks
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Magenta Insurance
Coastal Flood Underwriters
HQ: United States
Website
- Description: Provider of wholesale broker services that may provide flood insurance coverage for clients' primary and excess flood needs.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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View full Coastal Flood Underwriters company profile →
ECU
HQ: United States
Website
- Description: Provider of insurance underwriting and medical stop-loss insurance facilities aimed at supporting sustainable healthcare costs.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full ECU company profile →
NSM Insurance Group
HQ: United States
Website
- Description: Provider of industry-specific insurance programs and brokerage services for niche markets, including habitational coverage (property enhancement, ordinance & law, business income), commercial trucking insurance (physical damage, major medical options, non-trucking liability, workers' compensation), and risk management and loss prevention resources for design and construction professionals, with webinars and expert advice.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full NSM Insurance Group company profile →
Trinity Underwriting Managers
HQ: United States
Website
- Description: Provider of underwriting management and insurance brokerage services specializing in commercial transportation, catering to the specialty needs of agents across the country with a no-nonsense approach to program management.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Trinity Underwriting Managers company profile →
Strategic Insurance Services
HQ: United Kingdom
Website
- Description: Provider of commercial, personal, and travel insurance services, offering coverage for car rental, commercial vehicles, motorcycles, and life, as well as commercial property, mobile phone, and home emergency insurance.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Strategic Insurance Services company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Magenta Insurance
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Magenta Insurance
2.2 - Growth funds investing in similar companies to Magenta Insurance
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4 - Top valuation comps for Magenta Insurance
4.2 - Public trading comparable groups for Magenta Insurance
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