BDC invests in life insurance broker Reassured

Private equity firm Bridgepoint Development Capital has invested in Reassured, a UK life insurance broker.

Reassured was founded in 2009 and has offices in Manchester, Basingstoke, Southampton and Portsmouth, with further offices planned over the next 12 months.

The investment will enable the business to invest in technology to improve its scalability and optimise efficiency, as well as supporting the future development of new products.

Steve Marshall, Founder and CEO of Reassured, said: "Partnering with Bridgepoint and its substantial expertise in growing businesses, creates an opportunity to build and diversify our business even further, as we cement our position as a meaningful financial services sales platform with multiple products, able to offer protection to more families than ever before."

Michael Black, Managing Partner of Bridgepoint Development Capital, added: "This is an opportunity to invest in, and to help develop, a market leading business in the growing UK life insurance market. We've been impressed by its business model, very strong operational controls and its highly driven management team.”