AutoProtect Group has appointed former Aviva managing director Matthew Briggs as its new chief executive after consolidating its portfolio of services to strengthen its ties with fintech supplier DealTrak.
Owned by Correlation Investments Limited (CIL), AutoProtect Group is a leading provider of insurance and warranty products worldwide, and the re-organisation of CIL’s motor assets in December 2018 saw AutoProtect, SMART Insurance and Shine Repairs consolidated within the AutoProtect Group Ltd.
Now a management restructure will bring its finance and insurance (F&I) software platform, DealTrak, under the same umberella.
The restructure creates an "automotive cluster" used by over 4,000 UK rooftops, a statement issued by the AutoProtect Group stated this morning (November 26).
New group chief executive, Briggs, is the former managing director of Aviva Plc, has previously held senior roles at Capita PLC and FMG Support Ltd and was part of the executive team responsible for the sale of the RAC to Carlyle in 2011.
Commenting on his new role and the AutoProtect Group’s acquisition of Leeds-based DealTrak, he 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.”
Former AutoProtect Group Ltd chief executive, Wil Beaumont, will move into the role of non-executive director as Briggs takes over management of the Group.
AutoProtect Group said that Beaumont – who joined the company in 2017 – has a track record of delivering “streamlined and simplified business processes whilst championing customer AP experience”.
Briggs said: “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.”
DealTrak’s former managing director, Martin Hill, has 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.
Hill said: “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.”
Formed in 2004, AutoProtect Ltd is a niche provider of automotive financial service products and has written in excess of 5.1m contracts – equating to £460m of dealer net premium – since its inception.
Meanwhile, mobile cosmetic repair solution Shine! repairs over 77,000 vehicles every year.
DealTrak claims to be integrated with 200 partners.
The technology firm, which helps thousands of UK car showrooms to manage the F&I side of their business, said that more than 3.6 million proposals passed through its platform in 2018, representing potential transactions totalling £9.6 billion.
AutoProtect Group said today that it will be recruiting for several incremental roles in early 2020 – spanning each business – across technology, data science, operations, claims, sales and account management functions.