Magenta and Eaton Gate partner for continued growth — Magenta Partners
Summary
It has quickly gained traction in the market and is regularly writing policies in excess of \xa350,000.Gary is pleased to welcome Magenta as a co-investor to support EGVs continued growth. The investment in EGV underlines Magentas approach of backing high growth, niche businesses with strong prospects and exceptional management teams. Gary Burke comments: Given our history and relationship, Magenta were a natural fit when seeking additional funding to support our rapid growth. EGV has already demonstrated an ability to provide a differentiated offering for both brokers and insurers and carve out its own niche based on its exceptional team and distribution networks. By combining market leading technology, in-house specialist MGAs and high levels of service we are able to offer bespoke insurance solutions to brokers and insurers.Magenta were advised by Eversheds Sutherland led by Louise Finnie, Smith and Williamson and Intuitus.