iGO4 secures investment
IGO4 has secured investment to support their growth strategy and forge ahead with exciting new business plans.
iGO4 Limited, the personal lines broker founded in 2007 by Matt Munro and Tom Cooper, has agreed an investment deal with IVM Intersurer B.V., a Dutch holding company that specialises in investing in insurance related businesses. IVM is associated with the Hollard Insurance Group, South Africa’s largest independent and privately owned insurance group. It has taken a minority interest in the company, and has provided funding facilities to support igo4’s long term business plan and aggressive growth strategy.
Matt Munro, MD iGO4 Limited commented: “We are absolutely delighted to be working with IVM, and to be able to move into the next phase of iGO4’s evolution. Following a strategic review, the investment supports our plans to in-source administration and to continue to significantly grow our motor and home books. This also provides the platform to launch new product lines and look at other distribution opportunities in the market.” He continued: “Our business model is based on delivering innovative propositions into the market. Now we can align our interests even more closely with those of our partners for even greater collective success.”