Hood Group, which specialises in providing insurance and white labelling solutions in the home and travel market, has completed a management buy-out with the support of private equity firm Connection Capital LLP.

Simon Hood, CEO at Hood Group said: “This investment marks an important milestone for Hood Group. With the support of Connection Capital and the great team they have assembled, we are confident in our ability to accelerate our growth plans and continue providing market-leading insurance solutions to our partners and customers.”

Mark Snaith, investment director at Connection Capital, added: “We have enjoyed getting to know the management team at Hood Group and have been impressed with their experience, expertise, and how they have evolved the business as the insurance market has continued to change.”