CETA Insurance Ltd.
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CETA Insurance Ltd. - overview
Established
1993
Location
Chipping Norton, -, UK
Primary Industry
Internet
About
CETA Insurance Ltd. is a specialist provider of non-standard property insurance, offering tailored solutions for brokers and financial professionals through innovative platforms and comprehensive insurer partnerships. Founded in 1993 in Chipping Norton, UK, CETA Insurance Ltd. operates in the insurance sector focusing on non-standard property coverage.
The company was acquired by Atec Group Limited on September 17, 2017, as part of a strategic move to enhance its market presence and operational capabilities. CETA has not indicated any previous pivots or changes in its core business operations. CETA Insurance specializes in non-standard property insurance, providing a diverse range of products tailored to meet the unique needs of their clientele. They offer a comprehensive online panel of non-standard insurers, designed to serve both insurance brokers and financial service professionals, such as IFAs and mortgage brokers.
CETA employs a dynamic question set that personalizes the insurance selection process, enabling brokers to quickly identify suitable insurance products. Additionally, the company operates an Infinity platform, facilitating an end-to-end digital experience for brokers to quote, purchase, bind, and service policies efficiently, primarily targeting the UK market. CETA Insurance generated a revenue of USD 32. 55 mn in the most recent year, 2024.
The company operates on a commission-based model, acting as an intermediary between insurers and brokers, collecting premiums on behalf of insurers, which are recognized as revenue once deposited. Brokers rely on CETA for customized insurance solutions, with the company retaining a portion of the premiums as commission. This B2B model supports transactions where brokers secure coverage for their clients, enhanced by partnerships with a wide array of insurers. CETA Insurance plans to leverage its acquisition by Atec Group Limited to bolster its capabilities and market presence.
While specific new products are not disclosed, the company aims to enhance its offerings for brokers requiring innovative solutions for difficult-to-insure properties. The firm will utilize the resources gained from the 2017 acquisition to support these initiatives and strengthen its service delivery in the UK insurance market.
Current Investors
Atec Group Limited
Primary Industry
Internet
Sub Industries
Insurance Intermediaries, Web Applications
Website
www.ceta.co.uk
Verticals
InsureTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
CETA Insurance Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Love Your Hut | - | ||||||||
| Add-on | Completed | CETA Insurance Ltd. | - |
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