About ERS
ERS is a company based in London (United Kingdom) founded in 1946 was acquired by Aquiline Capital Partners in April 2013. It operates as a Brokerage / Intermediation. ERS has raised $350 million across 1 funding round from investors including IAG, Abry Partners and Aquiline Capital Partners. ERS offers products and services including Personal Motor Insurance, Commercial Motor Insurance, Agricultural Motor Insurance, Motor Fleet Insurance, and Motor Breakdown Service. ERS operates in a competitive market with competitors including Intact Ventures, Pension Insurance Corporation, Markerstudy Group, Syncora Holdings and PHLY, among others.
- Headquarter London, United Kingdom
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Ers Syndicate 218 At Lloyd’S Managed By Iquw Syndicate Management Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$350 M (USD)
in 1 rounds
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Latest Funding Round
$350 M (USD), Series D
Mar 11, 2021
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Investors
IAG
& 3 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of ERS
ERS offers a comprehensive portfolio of products and services, including Personal Motor Insurance, Commercial Motor Insurance, Agricultural Motor Insurance, Motor Fleet Insurance, and Motor Breakdown Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Insurance coverage is provided for personal motor vehicles.
Insurance solutions are offered for commercial motor vehicles.
Insurance is tailored for agricultural vehicles and machinery.
Comprehensive insurance is provided for motor fleet operations.
Breakdown assistance is offered for motor vehicle users.
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Funding Insights of ERS
ERS has successfully raised a total of $350M through 1 strategic funding round. The most recent funding activity was a Series D round of $350 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series D — $350.0M
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First Round
First Round
(11 Mar 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series D - ERS | Valuation | Abry , Aquiline Capital Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ERS
ERS has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include IAG, Abry Partners and Aquiline Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Abry Partners is engaged in middle market private equity investments.
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Founded Year | Domain | Location | |
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Private equity and debt investments are directed toward financial sectors.
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Founded Year | Domain | Location | |
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Private equity investments in Europe are managed by Duke Street.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ERS
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ERS
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ers Comparisons
Competitors of ERS
ERS operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intact Ventures, Pension Insurance Corporation, Markerstudy Group, Syncora Holdings and PHLY, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of property & casualty insurances
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| domain | founded_year | HQ Location |
Liability and pension insurance services are provided to clients.
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| domain | founded_year | HQ Location |
P&C insurance broker
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| domain | founded_year | HQ Location |
P&C insurance carrier
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| domain | founded_year | HQ Location |
Commercial property and casualty insurance is provided nationwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ers
Frequently Asked Questions about ERS
When was ERS founded?
ERS was founded in 1946 and raised its 1st funding round 75 years after it was founded.
Where is ERS located?
ERS is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is ERS a funded company?
ERS is a funded company, having raised a total of $350M across 1 funding round to date. The company's 1st funding round was a Series D of $350M, raised on Mar 11, 2021.
What does ERS do?
ERS is established as a leading specialist motor insurer in the UK, offering A rated insurance products exclusively through brokers. Coverage is provided across various sectors including personal motor, commercial motor, agricultural motor, motor fleet, and motor breakdown services. Solutions are tailored for diverse needs, from supercars and classic car collections to taxis, buses, and farm machinery. Innovation is emphasized with offerings like connected and autonomous vehicle insurance, as well as on-demand insurance options.
Who are the top competitors of ERS?
ERS's top competitors include Intact Ventures, Pension Insurance Corporation and Ripe Insurance.
What products or services does ERS offer?
ERS offers Personal Motor Insurance, Commercial Motor Insurance, Agricultural Motor Insurance, Motor Fleet Insurance, and Motor Breakdown Service.
Who are ERS's investors?
ERS has 4 investors. Key investors include IAG, Abry Partners, Aquiline Capital Partners, and Duke Street.
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