shutterstock_708283213 - resized
18 August 2022Reinsurance

Stubben Edge expands capabilities with acquisitions

Stubben Edge has announced two strategic developments, expanding its capabilities for IFAs and brokers.

Firstly, Stubben Edge has acquired the specialist international insurance firm Genesis Special Risks (GSR), along with its experienced team, led by managing director Nick Howard. GSR is a Lloyd’s broker and has a longstanding track record in the provision of bespoke warranty and related insurance products.

Founded in 2002, GSR provides wholesale insurance and reinsurance cover across a wide range of specialist products, notably guaranteed asset protection, assistance and extended warranties. The acquisition boosts Stubben Edge’s current growth ambition to have over 1 million live policies by the end of 2022.

Secondly, Stubben Edge has recently incorporated 1Edge Insurance PCC, a Guernsey-based company which will offer international access and integrated services, including protected cell management.

By integrating the latest in data and technology, 1Edge will offer brokers and affinity partners insurance products specifically tailored to their needs, drastically cutting down the time it usually takes to get to market.

1Edge also will be able to set up captive propositions and offer protected cell management, giving customers further options in their financial risk management. With much of the insurance industry remaining manual, 1Edge offers insurance products that are bespoke and nimble, specifically developed for brokers and affinity partners.

Chris Kenning, chief executive of Stubben Edge Group, said: “We’re very excited to combine our strengths with GSR to provide the highest-quality insurance products, and to establish 1Edge to equip brokers and IFAs a wider selection of entry points into the market. With these developments, we will continue to build strong relationships with clients, tailoring products to their specific needs.”