Press Release
RVU announces closing acquisition of Tempcover
RVU, owners of Uswitch, Confused.com and Money.co.uk, has completed the previously announced agreement to buy Tempcover.
Tempcover leads the way for temporary insurance solutions with a strong reputation for exceptional user experience. It connects customers to short-term insurance policies, working with a panel of insurers and 85 corporate partners and brokers to bring flexible and affordable solutions to motorists.
Tariq Syed, CEO of RVU, said: “Tempcover brings best in class expertise in the insurtech market. Our shared approach to putting the customer first and investing in a great place to work for our employees means that this transaction is good news for everyone.”
Alan Inskip, CEO of Tempcover, said: “The beliefs and culture of Tempcover and RVU are perfectly matched, and we look forward to continuing our growth story in this new partnership. We have exciting plans to capitalise on the broader motor insurance market and to continue developing innovative products in existing and new areas of temporary insurance. RVU’s investment and expertise will undoubtedly be invaluable as we continue to strengthen our offering as leaders in the temporary insurance market.”
For additional details on the transaction, please refer to the joint press release distributed by RVU in March 2022
About RVU
Formed in May 2018, RVU operates international digital brands that empower people to make confident decisions. With offices in London, Cardiff, Manchester, Madrid, Paris, Mexico City and Gurgaon, RVU reaches millions of consumers around the world, solving everyday complex problems through outstanding experiences.
RVU is jointly owned by US-based Red Ventures, a global group of influential brands, digital platforms and strategic partners, as well as Silver Lake, GIC and PSP Investments.