| |
Company type | Trading Style |
---|---|
Industry | Financial services |
Founded | 2003 |
Headquarters | , |
Key people | Gary Duggan, CEO Paymentshield Limited |
Products | Insurance |
Parent | Towergate Partnership |
Website | www.britishinsurance.com |
British Insurance Services is an insurance provider based in Southport, Merseyside, offering payment protection insurance and home insurance. The company is an online-only insurance provider which sells its policies independently of loan providers. [1] It is a subsidiary of Towergate Underwriting Group Limited, and had gross written premiums of around £12 million as of 2012.
The company was set up in 2003 by husband and wife Simon and Sara Burgess, under the name Burgesses. [2] It changed its name to British Insurance in 2005, after gaining permission from the then Secretary of State for Industry to use the word 'British' in the company title. [1]
In 2006 the company was reported to be insuring three sisters from Inverness, Scotland, against the possibility of a virgin birth. It had provided a £1 million policy to cover the cost of child-raising in the event of one of them giving birth to the Second Coming of Christ. [3] The company told BBC News Online that it had been donating the premiums of £100 per year to charity. It withdrew the policy in 2006 following complaints; Burgess said that the Catholic Church was "up in arms about what we've been doing". [3] The company also insured a football fan for £1 million against suffering severe mental trauma if England were knocked out of the 2006 World Cup prematurely. [4]
British Insurance was acquired by Towergate in 2008 for an estimated £25 million. [2] Existing staff, including the founders, were retained as part of the deal. [5] Simon Burgess continued as managing director until 2010. Following his departure, Nel Mooy was appointed as managing director. [6]
In 2013, the business was transferred within the Towergate Group and is now a trading style of Southport-based income protection and household insurance provider Paymentshield Limited.
The company's awards include:
| |
Company type | Trading Style |
---|---|
Industry | Financial services |
Founded | 2003 |
Headquarters | , |
Key people | Gary Duggan, CEO Paymentshield Limited |
Products | Insurance |
Parent | Towergate Partnership |
Website | www.britishinsurance.com |
British Insurance Services is an insurance provider based in Southport, Merseyside, offering payment protection insurance and home insurance. The company is an online-only insurance provider which sells its policies independently of loan providers. [1] It is a subsidiary of Towergate Underwriting Group Limited, and had gross written premiums of around £12 million as of 2012.
The company was set up in 2003 by husband and wife Simon and Sara Burgess, under the name Burgesses. [2] It changed its name to British Insurance in 2005, after gaining permission from the then Secretary of State for Industry to use the word 'British' in the company title. [1]
In 2006 the company was reported to be insuring three sisters from Inverness, Scotland, against the possibility of a virgin birth. It had provided a £1 million policy to cover the cost of child-raising in the event of one of them giving birth to the Second Coming of Christ. [3] The company told BBC News Online that it had been donating the premiums of £100 per year to charity. It withdrew the policy in 2006 following complaints; Burgess said that the Catholic Church was "up in arms about what we've been doing". [3] The company also insured a football fan for £1 million against suffering severe mental trauma if England were knocked out of the 2006 World Cup prematurely. [4]
British Insurance was acquired by Towergate in 2008 for an estimated £25 million. [2] Existing staff, including the founders, were retained as part of the deal. [5] Simon Burgess continued as managing director until 2010. Following his departure, Nel Mooy was appointed as managing director. [6]
In 2013, the business was transferred within the Towergate Group and is now a trading style of Southport-based income protection and household insurance provider Paymentshield Limited.
The company's awards include: