Simply Business is kick-starting its plans for UK and international expansion with significant hires to its leadership team. The nation’s leading online provider of small business insurance has set itself ambitious growth targets to expand its offering with the UK and for the first time, overseas.
CEO Jason Stockwood has announced the following new roles and appointments to help steer the company forward:
- A new role has been carved out for Chief Commercial Officer, which will be filled by recent joiner Alan Thomas (currently effective)
- Operations Director David Summers will be promoted to the existing role of Chief Operating Officer (currently effective)
- Former Pricing Director Phil Williams is the newly-appointed General Manager of Simply Business’ Northampton contact centre, the home of the business’ core customer services operations (currently effective)
- The US operations will be lead by U.S. Managing Director Chris Slater, formerly COO
Following significant investment by new owners, private equity house Aquiline Capital Partners, in April, the business has continued to target more technological capabilities, develop more products and find new markets.
With huge growth in the core operations of the business, Simply Business plan to increase staff from 330 at the beginning of the year to 550 by the end of 2017.
The bigger team will manage operations from a fully refurbished Contact Centre in Northampton due for completion March 2017, and the London offices will move from 1 Finsbury Square to a new address on Gresham Street, closer to the heart of the City of London.
These changes will help the company adapt to growth in its services and customer base, now exceeding 400,000 UK policies. The latest refurbishment reflects Simply Business’ ongoing commitment to maintaining the company’s award-winning team culture, and will encourage knowledge-sharing between departments and professional development initiatives.
Additionally, Simply Business has committed to enter the U.S. market and the new leadership team is preparing to confirm their strategy for market entry by the end of this year. The new US Managing Director, Chris Slater, who has worked at the company since 2004 as COO, will oversee Simply Business’ first expansion into international markets since it was founded in 2005 from new offices in Boston.
CEO of Simply Business Jason Stockwood commented:
“Innovation is much-needed in our industry. From live data-tracking solutions, data analytics and machine learning that can enhance a customer’s experience to an informed macro-view on the future of insurance. We aim to win and retain customers’ loyalty by improving transparency, convenience and trust in the market.”
“We are widely recognised for our use of technology to drive new ideas and efficiencies in the UK and we look forward to competing in new markets such as the U.S. where we can tackle new challenges and harness more opportunities. Our employees are at the centre of our success and I look forward to watching the unique Simply Business culture spread to new offices and new people.”
Managing Director (U.S.) of Simply Business Chris Slater commented:
“The U.S. has an extraordinary market for tech-driven disruption. We look forward to working with investors, partners, and even more of our new customers in the U.S. where there is huge potential for us to build a reputation for being a gamechanger in the insurance sector.”
“Our expansion into the U.S. in a firm-footed and natural move for the business. It is also a statement of faith in our work to build a cohesive team, a strong product offering and the new tools and digital functions that underpin the strength of our customer service.”
Notes to editors:
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About Simply Business
Simply Business is the UK’s biggest business insurance provider. Launched in 2005, Simply Business provides an online service tailoring policies to individual business requirements. They have a team of UK-based insurance specialists and employ over 350 people across offices in London and Northampton.
Simply Business provides over 400,000 policies for small and medium-sized enterprises and its internal underwriting capabilities can cover over 1,000 trade types. Recognised for their award-winning financial technology, Simply Business have been named in The Sunday Times Tech Track 100 for the last 3 years and the Deloitte Technology Fast 500. For their commitment to employee welfare they won The Sunday Times Best Company To Work For in 2015 and 2016.
For more information about Simply Business, please visit: http://www.simplybusiness.co.uk/about-us/
About Simply Business
Launched in 2005, Simply Business provides an online brokerage service delivering policies tailored to individual business requirements. It has a team of UK based insurance specialists and employs almost 300 people across offices in London and Northampton.
Simply Business provides insurance to more than 425,000 UK SMEs and landlords and owing to its internal underwriting capability can cover over 1,000 trade types. It has been a Sunday Times Tech Track 100 company for the past three years and was recently named in the Deloitte Technology Fast 500 EMEA. Revenues have grown from £4.2 million in 2006, to £25.4 million in 2014, and the company has been named 2015 and 2016 winners of The Sunday Times’ Best Company to Work For.