David BurrowsSabre Insurance Group has announced its intention to launch an initial public offering on the London Stock Exchange.
Sabre, a UK private motor insurance underwriter, founded in 1982, has an established track record in its market.
The group generated gross written premiums of £197m in the year ended 31 December 2016 and had an average of approximately 325,000 in force policies during that period.
Policies are distributed through a broad network of over 1,000 brokers and direct to customers through three direct brands (Go Girl, Insure2Drive and Drive Smart.
The group has a broad underwriting footprint with a bias towards the higher average premium segment, where the board believes the company has an advantage through its proprietary pricing model and extensive dataset.
The board’s aim is to maintain its focus on the UK private motor insurance market, continue to provide brokers and direct customers with quotes across the entire risk spectrum and see controlled and attractive growth over the longer term.