AutoProtect Group has announced the appointment of Matthew Briggs as its chief executive and the addition of automotive FinTech firm DealTrak to its portfolio of assets.
AutoProtect Group is a leading provider of insurance and warranty products worldwide, and the addition of DealTrak will see services used by over 4,000 UK households.
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Briggs has taken over management with former AutoProtect chief executive moving into the role of non-executive director.
Briggs was former managing director of Aviva and held senior roles at Capita and FMG Support. He was part of the executive team responsible for the sale of RAC to Carlyle in 2011.
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 future clients and partners,” he added.
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By GlobalDataAutoProtect was formed in 2004 and 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.
DealTrak is integrated with 200 plus partners and helps UK car showrooms to manage the F&I side of their business. It has passed more than 3.6m proposals through the platform in 2018 which represents potential transactions totalling £9.6bn.
DealTrak’s former managing director Martin Hill has been appointed to the role of AutoProtect’s director of strategic partnerships overseeing 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.”
AutoProtect plans to recruit several incremental roles in early 2020 across technology, data science, operations, claims, sales and account management functions.
