Our History intro 2
Brightside has history of rapid growth, achieved through a mix of hard work and innovation, using technology and systems to get the best possible results. Since starting out, we have developed our portfolio to include both commercial and personal insurance.
In 2001 Commercial Vehicle Direct Insurance Services Limited (CVD) was founded to provide motor insurance for small businesses. We continued to grow, adding more products and services to the Group Direct portfolio. In 2008, the company was listed on AIM through the reverse acquisition of Brightside Group.
Since the AIM listing Brightside has grown both organically and through acquisitions, helping to broaden our offering across the industry. In 2005 we added eBike to our portfolio and in 2010 eCar followed, utilising online channels to sell personal motor insurance policies. We have since moved into the aggregator technology sector with the acquisition of Quote Exchange in 2011.
By 2012, Brightside’s revenue reached £91.2 million with over 465,000 policies sold and in 2014 Brightside was recognised as the UK’s 18th largest broker by the Insurance Times. In July 2014 Brightside was bought by Funds advised by AnaCap Financial Partners LLP, the specialist European financial services private equity firm, providing strong financial backing for the Group’s ambitious growth plans for 2015 and beyond.