Stubben Edge launches capital arm

The firm listed that Stubben Edge Capital will work across three pillars.

The first pillar – it detailed – develops and sustains the insurance underwriting balance sheet capacity of its own intermediaries, network partners and clients, enabling them to access permanent capital in an efficient way.

The second pillar’s investment solutions will help insurance brokers grow their book of business or build by acquisition.

It will deliver wealth management solutions for Stubben Edge’s partnering independent financial adviser network to propose to end clients; both individuals and SMEs.

Finally, the company will extend ancillary services to help service its network and wider ecosystem. This will include investment management, capital management, corporate finance and funding.

Stubben Edge already partners with existing players along these lines, and is developing its own licensed capabilities.

Solutions

Chris Kenning, CEO of Stubben Edge Group, said: “Stubben Edge Capital presents an exciting opportunity for the sector. We are committed to helping insurance brokers, MGAs and insurers grow their businesses.

“We provide them with the technology, data, analytics, regulatory licensing – and now capital solutions.”

Kenning concluded: “Our AUM [assets under management] business has grown from a standing start in 2021 to £400m, and is on track to get to £2bn of AUM by end of 2023.

“As a leading fintech, we are looking to provide equity, debt and reinsurance solutions to our partners.”

Investment

As previously reported, Stubben Edge secured a further £5.6m in investment at the start of 2023, taking its total raised to more than £20m and valuing the business at £175m.

The products and technology specialist launched its appointed representatives network in March 2022.

It updated to Insurance Age this April that it was on track to have 27 ARs with an ambition to reach 40.

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