Granite Announces Jobs Boost

UK Taxi and private hire specialist insurer Granite Underwriting has announced it is to hire 300 staff as it looks to expansion.

The new roles will be at the company’s Liverpool headquarters as it looks to drive growth and market share.

The new jobs will be for both Granite and its direct insurance subsidiary, Acorn.

Alan Keating, CEO and Co-Founder, Granite Underwriting, commented: “I am pleased by the rapid pace at which our business continues to grow, underpinned by our ambitious expansion plans.  I look forward to welcoming more highly capable people to the team as we continue our exciting growth journey.”

Steve Ashton said: “I am very pleased to have assumed the role of non-executive Chair at Granite and I look forward to working closely with Alan and the team to support the company’s ambitious growth plans.”

In January 2019, Inflexion Private Equity acquired a minority shareholding in Granite

Established in 1982, Granite comprises a number of brands which distribute specialist motor insurance, catering to drivers of private hire taxis, black taxis, Uber and other large operators in the sector as well as specialist cover for private car and light commercial vehicles.

It distributes its products via retail branches, price comparison websites, brokers, its own website and a call centre. Granite underwrote over £220 million in 2017. It has a 25% share of the UK taxi insurance market.

In January this, Inflexion Private Equity acquired a minority shareholding in Granite, and the capita injection is being used to fund the company’s growth plans.