Automotive partnership recruits Yorkshire-based FinTech firm
AutoProtect Group has today announced the appointment of a new CEO as well as the addition of Leeds-headquartered automotive FinTech firm DealTrak to its existing portfolio of motor assets.
Owned by Correlation Investments Limited (CIL), AutoProtect Group is a provider of insurance and warranty products worldwide.
The re-organisation of CIL’s motor assets in December 2018 saw AutoProtect, SMART Insurance and Shine Repairs consolidated within the AutoProtect Group. The addition of finance and insurance software platform, DealTrak, will see the Group’s services used by over 4,000 UK dealerships.
With former AutoProtect Group CEO, Wil Beaumont, moving to the role of non-executive director, Matthew Briggs has taken over management of the Group.
Former MD of Aviva, Mr Briggs, has previously held senior roles at Capita and FMG Support and was part of the executive team responsible for the sale of the RAC to Carlyle in 2011.
Matthew Briggs, chief executive officer of AutoProtect Group, said: “The restructuring of the Group’s holdings will allow us to unlock an extremely compelling and aligned value proposition across our range of automotive interests.
“By creating symbiotic relationships across all three businesses, the whole is greater than the sum of the parts. In turn, we have a powerhouse of businesses, seamlessly delivering unrivalled products and services, to our existing and future clients and partners.
“I want to thank Wil for his tremendous contribution to APG over the past three years. The business has gone from strength to strength under his leadership, and as a result we have a robust platform for future growth.”
Integrated with 200 partners and counting, DealTrak – a technology firm which helps thousands of UK car showrooms to manage the finance and insurance side of their business – passed more than 3.6m proposals through its platform in 2018, representing potential transactions totalling £9.6bn.
DealTrak’s former managing director, Martin Hill, has also been promoted to the role of AutoProtect Group’s director of strategic partnerships, and will oversee the cohesive and strategic direction of its automotive portfolio.
Mr Hill added: “The news represents a very exciting time for the AutoProtect Group. As some of the UK’s leading automotive brands, we are set to harness the collaborative power of a close, cohesive working relationship led by a robust group management structure.”
In light of the announcement, AutoProtect Group will be recruiting for several roles in early 2020 – spanning each business – across technology, data science, operations, claims, sales and account management functions.
