Insurtech Ripe has appointed Jamie Richards as its head of M&A.
Richards will head up the acquisition strategy at Ripe as it expands the firm through targeted acquisitions across commercial and specialist personal lines. This also includes a focus on delivering strong organic growth.
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After a 10-year career at Deloitte, as a senior member of the Financial Institutions Group M&A team, Richards joins Ripe as it accelerates expansion plans.
“Ripe has an exceptionally unique and exciting proposition, which attracted me to this new role after 10 years at Deloitte,” Richards said. “I’m thrilled to join the business at this time and be a part of its ambitious growth plans. I’ll be hitting the ground running, working on M&A opportunities where Ripe can add significant value to acquired businesses, especially through its marketing capabilities and proprietary technology platform.”
“Following our first acquisition of Craftinsure last year, this appointment reflects the importance of M&A in our future expansion plans. The investment of Aquiline Capital Partners in 2022 gives Ripe the firepower for our next growth phase, which will now be supercharged by our new Head of M&A,” commented Paul Williams, Chief Executive of Ripe. “With his experience and profile, Jamie will enable us to unlock new opportunities. We have a clear strategy – to identify quality businesses with existing specialisms which could benefit from our unique technology and digital marketing expertise to turbo-charge growth. We will be targeted and highly selective, so where we find the right fit, we can bring flexible deal structures and a strong valuation for potential vendors. Our door is open.”
Ripe provides customers with digital insurance products built for the modern world with technology is built from the ground.
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By GlobalDataIts approach has resulted in over 360,000 customers choosing to buy insurance with Ripe to date and a growing portfolio with over 20 products.
