Halo Insurance

Bridges Sustainable Growth Fund II

A cheaper alternative to insurance excess waivers offered at car rental desks worldwide

  • Theme

    Underserved Markets

  • Date of Initial Investment


  • Bridges Executives

    Steve Morrison
    Alison Price

  • Management Team

    Alistair Tillen - Chairman
    Ernesto Suarez - CEO
    Ben Wooltorton - Sales & Marketing

Challenge: Around 1.6 million people in the UK are unemployed, with many more living on low incomes. Though real median household income has begun to increase, this has been deflected by inflation and the weakening of the pound. This presents a real socio-economic challenge – but also an opportunity for businesses seeking to provide real value-for-money for underserved customers.

Investable Solution: Halo Insurance Services is a ‘consumer champion’ company, saving customers money on car rental whilst also creating employment in an underserved area of the UK. The direct-to-customer business trades in the UK, US, Germany, Holland, Spain and France. It also has a wholesale operation that provides the excess insurance to hire car aggregators such as Do You Spain, Affordable Hire Car, Car Jet and Travel Supermarket.

Outcomes: Halo enables consumers to pay 70% less on average than they would for car rental insurance at a hire desk, amounting to estimated total consumer savings of £22.5 million annually. Over 280,000 policies were written over the last year. And as the business has grown, employment has doubled, with about 75% of employees being previously unemployed.



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