Father and son launch broker with service vow

A father and son have launched a brokerage with a promise to remedy the sector’s “faceless provision”.

Richard and Domenico Davis have unveiled Octo Insurance Brokers.

They say the Glasgow-headquartered venture – which is targeting £5 million gross written premiums in its first year – will “revive personalised service previous generations valued.”

The firm – which also has a London office – provides support in areas such as corporate insurance, surety bonds and building warranties across industries including construction, manufacturing, leisure, property and technology.

It has also launched an insurance broking service for high net worth individuals seeking to protect possessions including art, jewellery, cars, yachts and property.

Director Richard, who has more than 40 years’ brokerage experience, said: “We’re operating in a market increasingly dominated by large, consolidated brokerages, where local client service is often sacrificed for scale.

“Our aim is to provide the antidote to the faceless commercial insurance provision that has become the norm.”

Fellow director Domenico, 28, who previously launched real estate platform PropertyMarketIntel, added: “We believe Octo is the future of insurance broking.

“We’re reviving the personalised service that previous generations valued and pairing it with technology and data-driven insight.

“This combination of human connection and smart solutions allows us to deliver insurance that genuinely fits clients’ needs.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →