M&A tech and InsurTech firm, io.insure, the world’s first online M&A insurance marketplace for SME transactions, has announced its launch in the UK with the appointment of George Apperly as managing partner.
Apperly, who is based in London, will hold responsibility for the platform’s growth within the UK SME M&A market. The role will also see him work to foster the strategic partnerships required to further develop products such as Mio – the pioneering M&A insurance online product for SMEs – as well as other financial lines and specialty insurance products.
He joins io.insure from insurance broker Lockton, where most recently he held the role of vice president of Lockton Transactional Risks.
Apperly, who joined the team at an early stage, played a majoir role in its development and ultimate success, assisting clients across private equity, real estate, corporate, energy and infrastructure transactions.
Before he joined Lockton, Apperly held the role of account executive at Howden.
Killian McDermott, co-founder and executive partner, io.insure said: “I am extremely pleased to welcome George and to announce the launch of io.insure in the UK – first launched in Australia then the US last year – to address the global issue of underinsurance within the SME M&A market. With an estimated 5.6 million SMEs in the UK and with a huge volume of deals happening without insurance, io.insure is designed to meet this need for underserved SMEs, which are the lifeblood of the UK economy.”
Apperly, added: “With ground-breaking technology and unmatched expertise, io.insure is opening up a whole new area, reaching a critical market segment that has previously been underinsured and underserved. Both the need and the scope of the opportunity are therefore huge. I look forward to building the platform in the UK, as part of the broader effort to address this global issue, and developing it to offer further digitalised financial lines and SME specialty insurance products.”
