Addept Group has acquired Policywise Limited with plans to rebrand it as Addept Insurance Services and provide a range of ancillary products on a wholesale basis. Addept was established by Richard Finan, a founder and former director of Arc Legal Assistance.

Finan said, “Brokers are continually reviewing products and services to ensure they remain relevant to consumers and deliver fair value. Legislative changes, market evolution, regulatory focus and growing economic pressures are creating increasing demand for innovative and cost-effective products to protect individuals and businesses against specialist risks. Addept has been created to give brokers the tools they need to respond to these changes and deliver relevant products and services to support their customers.”

Addept’s first products will provide cover to: policyholders injured in no-fault road traffic accidents, landlords whose property has been damaged by a tenant’s pet, sole traders in need of income protection due to illness or injury, small businesses requiring cyber insurance and SMEs seeking healthcare.