Avid will continue to grow organically through the optimisation of existing schemes, the creation of new schemes in its existing markets and also through investment in new underwriting teams who have existing, profitable books of business which can be migrated over to Avid.
Our investment in Avid will help to accelerate the ambitious growth plan by providing capital to further develop Avid’s data analysis capabilities and the hiring of new underwriting teams.
"We’re delighted to partner with Beech Tree and look forward to utilising their knowledge and experience of scaling businesses as we embark on our growth plan together. Talking to Beech Tree was like talking to a trade player given their sector focus. With long-term fully delegated binder agreements in place, we have the capacity and appetite to support new product lines and to acquire complimentary underwriting teams as we continue to expand our business alongside Beech Tree”