That's what Advent Solutions Management did when it needed an established insurance provider for an exciting new joint venture. In Hitachi Capital it found the ideal match.

Hitachi's bond

When Advent decided to broaden its business with a cutting-edge internet service combining advanced online technology with top-class general insurance for the intermediary market, it saw Hitachi Capital as the natural choice to join them in creating a dynamic new brand. Advent spent a long time looking for the right partner to share its vision and appreciated Hitachi Capital's credibility in the general insurance sector as well as its competitiveness and stability.

Giving intermediaries instant access to quotes and the ability to buy online, GISecure was born from the synergy between Hitachi Capital's secure finance and trusted products and the successful delivery platform and sector expertise of Advent Solutions Management.
 
But this wasn't a whirlwind romance. The companies had already been working together for two years with Hitachi Capital providing Gap and PPI products for Advent's clients in the motor industry, supporting major dealers such as Marshalls and Hartwells. Advent wanted to build on this relationship and believed in the potential for the partnership with Hitachi Capital to grow and develop as an insurance company.

Hitachi's impact

Initially offering Hitachi Capital's flexible MPPI product, GISecure has already amassed an impressive client list of mortgage intermediaries including MoneyQuest, Mortgage Promotions, Pinnacle Finance, Genesis, Whitechurch and Personal Touch. GISecure have also gone live with House Guard Extra (Buildings and Contents insurance) underwritten by Fortis to offer its members a wider range of general insurance products.

The union between Hitachi Capital and Advent has brought advantages both to financial intermediaries and their clients. Intermediaries enjoy excellent commission rates, an advanced quoting system and regular MI allowing them to easily monitor business they have sold, while their clients benefit from strong product features such as first time buyer discounts, a 3 year guaranteed rate and instant cover.

GISecure's early success has meant that it is now poised to grow and offer further products and services to mortgage intermediaries.

"The quality of Hitachi Capital's products and services was a known quantity for Advent and it was just what we were looking for in a partner. Working together, we were able to launch GISecure with confidence and look forward to sustainable future growth."  - David Hill, Managing Director, Advent Solutions Management

About our partner

Advent Solutions Management provides professional services including risk analysis and control; insurance purchase; data collection, distribution and analysis to a wide range of manufacturers, dealers, lenders and retailers who wish to enhance the value of their primary products by selling related insurance products. Founded 5 years ago by a team of specialist London Market brokers and underwriters, Advent quickly established itself as a leading player in the arena and is now one of the largest independent solutions providers in Europe.