Stubben Edge launches capital arm with hire of BNP Paribas MD

UK-based insurtech Stubben Edge Group has launched a capital arm, Stubben Edge Capital, following the hire of a new chief investment officer who was previously managing director at BNP Paribas Global Markets.

With the latest move, Stubben Edge aims to foster sector wide innovation while providing a range of financial tools and services that will support established and emerging ventures as well as UK enterprises more broadly.

Newly appointed CIO Frédéric Morlaye (pictured) has more than 20 years across financial markets, advising senior management teams across Europe on strategy and complex ALM issues. He was previously a managing director at BNP Paribas Global Markets.

Stubben Edge Capital will deliver across three key pillars:

The first develops and sustains the insurance underwriting balance sheet capacity of our intermediaries, enabling them to access permanent capital in a simple, lean and efficient way.

The second pillar delivers a wide range of wealth management solutions that our partnering IFA network can propose to end-clients, both individuals and SMEs. Providing attractive investment solutions that; deliver critical financing for SMEs, help IFAs attract young talent into the industry, help insurance brokers grow their book of business or build by acquisition, and facilitate the growth and development of fintechs and start-ups.

And finally, the company provides and develops ancillary services to help service our network and wider ecosystem, to include investment management, capital management, corporate finance and funding. Stubben Edge already partners with existing players along these lines and continues to develop its own licensed capabilities.

Chris Kenning, CEO of Stubben Edge Group said: "Stubben Edge Capital presents an exciting opportunity for the sector. We are committed to helping insurance brokers, MGAs and insurers grow their businesses. We provide them with the technology, data, analytics, regulatory licensing and now capital solutions. Our AUM business has grown from a standing start in 2021 to £400m and is on track to get to £2bn of AUM by end of 2023. As a leading fintech, we are looking to provide equity, debt and reinsurance solutions to our partners”.

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