Movo buys into insurtech Durell
Movo Investment Group, the investment arm of Movo Group which includes appointed representative network Movo Partnership, has bought a 50% stake in insurtech Durell, Insurance Age can reveal.
The terms of the deal have not been disclosed.
Durell has 180 brokers and over £400m of gross written premium on its platform.
Movo detailed that the insurtech offers general insurance brokers and other intermediaries across both GI and life markets, a ‘complete software solution’. This includes client and policy management integrated with a full accounts package, client portal and office management tools.
Around 130 of the brokers are in the GI space. The majority of the GI users are
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