Endsleigh Insurance
Encyclopedia
Endsleigh Insurance is a Cheltenham
-based UK insurance intermediary
specialising in the student and graduate markets. It is the preferred insurer for several unions and professional associations.
The Endsleigh group consists of several parts including Endsleigh Insurance, Endsleigh Financial (EFIT) and Endsleigh Business (EBIS) Endsleigh Insurance offers a range of insurance products from car, home, travel and student insurance to landlords, public liability and tenant's cover. Endsleigh Financial offers free financial advice for people seeking mortgages, pensions or life assurance polices, and Endsleigh Business offers businesses and companies professional insurance coverage to suit their needs. Endsleigh Insurance also has other trading names, such as '17to40' insurance, and 'Women on Wheels', which are both online car insurance websites aimed and specific niche markets. Endsleigh claims to have over 500,000 customers.
Endsleigh is currently the only official and approved insurer of The National Union of Students and is owned in full by Zurich Insurance which also runs its UK operations from Cheltenham. In early 2009, managing director Mike Alcock moved to Zurich insurance to become head of UK distribution, paving the way for Ian Passmore to become the current Managing Director.
, Association of University Teachers
and Association of Optometrists.
In 1970 Endsleigh moved from its London based headquarters to Cheltenham Spa, where it continued to recruit relatively young but fiercely ambitious staff selected for their drive and talent to create an organisation for equally young customers in a manner that challenged the then more traditional apects of conventional insurance marketing and administration.
In 1976 the NUS sold an 86% share to Gouda Insurance International, as it was felt a stronger financial base was needed to fully exploit market opportunities. The NUS retained a 14% shareholding and 2 seats on the board. Tragically its founder and still driving influence Mike Naylor persished in a motor accident in July 1995. In April 2002, a management buyout, led by the Managing Director Mike Alcock, bought out Gouda and formed a partnership with Zurich Financial Services
. In January 2007 Zurich acquired 100% shareholding.
The company moved into the business market in 2000, and this combined with a 25% increase in customer base helped profits leap from £2.5m in 2000 to £8.6m in 2003. In February 2005 the 'Sunday Times PricewaterhouseCooper Profit Track 100' rated Endsleigh as the 76th fastest growing company in the UK, at 52% a year.
From 1993 to 1996, Endsleigh sponsored the English
Football League, succeeding Barclays Bank and finally being replaced by Nationwide Building Society
. From 1988-1999 Endsleigh were the main shirt sponsors for Burnley F.C.
, with their logo appearing on the players shirts, and they did the same for Cheltenham Town F.C.
from 1997-1999, also in the late 1990's early 2000's a club known as Endsleigh later known as EFC Cheltenham played in the Hellenic Football League
.
As of 1 September 2008, Endsleigh discontinued operating their local branch service (which was made up of 119 UK Branches) and is now operated from three sales operations centres - Cheltenham Head Office, Burnley
, and Belfast
. This has resulted in a number of redundancies within the branch network, although some existing staff were relocate to the new operations centres.
Cheltenham
Cheltenham , also known as Cheltenham Spa, is a large spa town and borough in Gloucestershire, on the edge of the Cotswolds in the South-West region of England. It is the home of the flagship race of British steeplechase horse racing, the Gold Cup, the main event of the Cheltenham Festival held...
-based UK insurance intermediary
Financial intermediary
Financial intermediation consists of “channeling funds between surplus and deficit agents”. A financial intermediary is a financial institution that connects surplus and deficit agents...
specialising in the student and graduate markets. It is the preferred insurer for several unions and professional associations.
The Endsleigh group consists of several parts including Endsleigh Insurance, Endsleigh Financial (EFIT) and Endsleigh Business (EBIS) Endsleigh Insurance offers a range of insurance products from car, home, travel and student insurance to landlords, public liability and tenant's cover. Endsleigh Financial offers free financial advice for people seeking mortgages, pensions or life assurance polices, and Endsleigh Business offers businesses and companies professional insurance coverage to suit their needs. Endsleigh Insurance also has other trading names, such as '17to40' insurance, and 'Women on Wheels', which are both online car insurance websites aimed and specific niche markets. Endsleigh claims to have over 500,000 customers.
Endsleigh is currently the only official and approved insurer of The National Union of Students and is owned in full by Zurich Insurance which also runs its UK operations from Cheltenham. In early 2009, managing director Mike Alcock moved to Zurich insurance to become head of UK distribution, paving the way for Ian Passmore to become the current Managing Director.
History
Conceived by the charismatic former Nottingham University student "Michael Jeremy Naylor",Endsleigh was founded by the National Union of Students (NUS) in 1965 to provide tailored insurance services to university and college students. Under Mike Naylor's guiding and driving hand as its Managing Director it then rapidly expanded into graduate and professionals markets. Since its founding it has been the only insurer recommended by the NUS and is now the preferred insurance supplier for many professional associations, including the National Association of Schoolmasters Union of Women TeachersNational Association of Schoolmasters Union of Women Teachers
The NASUWT is a trade union representing teachers, including headteachers, throughout the United Kingdom....
, Association of University Teachers
Association of University Teachers
The Association of University Teachers was the trade union and professional association that represented academic and academic-related staff at pre-1992 universities in the United Kingdom...
and Association of Optometrists.
In 1970 Endsleigh moved from its London based headquarters to Cheltenham Spa, where it continued to recruit relatively young but fiercely ambitious staff selected for their drive and talent to create an organisation for equally young customers in a manner that challenged the then more traditional apects of conventional insurance marketing and administration.
In 1976 the NUS sold an 86% share to Gouda Insurance International, as it was felt a stronger financial base was needed to fully exploit market opportunities. The NUS retained a 14% shareholding and 2 seats on the board. Tragically its founder and still driving influence Mike Naylor persished in a motor accident in July 1995. In April 2002, a management buyout, led by the Managing Director Mike Alcock, bought out Gouda and formed a partnership with Zurich Financial Services
Zurich Financial Services
Zurich Financial Services AG is a major financial services group based in Zurich, Switzerland.-History:The Company was founded in 1872 as subsidiary of the Schweiz Marine Insurance Company under the name Versicherung Verein...
. In January 2007 Zurich acquired 100% shareholding.
The company moved into the business market in 2000, and this combined with a 25% increase in customer base helped profits leap from £2.5m in 2000 to £8.6m in 2003. In February 2005 the 'Sunday Times PricewaterhouseCooper Profit Track 100' rated Endsleigh as the 76th fastest growing company in the UK, at 52% a year.
From 1993 to 1996, Endsleigh sponsored the English
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
Football League, succeeding Barclays Bank and finally being replaced by Nationwide Building Society
Nationwide Building Society
Nationwide Building Society is a British building society, and is the largest in the world. It has its headquarters in Swindon, England, and maintains significant administration centres in Bournemouth and Northampton...
. From 1988-1999 Endsleigh were the main shirt sponsors for Burnley F.C.
Burnley F.C.
Burnley Football Club are a professional English Football League club based in Burnley, Lancashire. Nicknamed the Clarets, due to the dominant colour of their home shirts, they were founder members of the Football League in 1888...
, with their logo appearing on the players shirts, and they did the same for Cheltenham Town F.C.
Cheltenham Town F.C.
Cheltenham Town Football Club is an English football club playing in League Two, the fourth tier of English football. Founded in 1887, the team has played at four different grounds, namely Agg-Gardner's Recreation Ground, Carter's Field and now the Abbey Business Stadium, although it is more...
from 1997-1999, also in the late 1990's early 2000's a club known as Endsleigh later known as EFC Cheltenham played in the Hellenic Football League
Hellenic Football League
The Hellenic Football League is an English football league covering an area including the English counties of Berkshire, Gloucestershire, Oxfordshire, southern Buckinghamshire, southern Herefordshire, western Greater London, and northern Wiltshire. There is also one team from Hampshire.The league...
.
As of 1 September 2008, Endsleigh discontinued operating their local branch service (which was made up of 119 UK Branches) and is now operated from three sales operations centres - Cheltenham Head Office, Burnley
Burnley
Burnley is a market town in the Burnley borough of Lancashire, England, with a population of around 73,500. It lies north of Manchester and east of Preston, at the confluence of the River Calder and River Brun....
, and Belfast
Belfast
Belfast is the capital of and largest city in Northern Ireland. By population, it is the 14th biggest city in the United Kingdom and second biggest on the island of Ireland . It is the seat of the devolved government and legislative Northern Ireland Assembly...
. This has resulted in a number of redundancies within the branch network, although some existing staff were relocate to the new operations centres.