The Budget Group of Companies began operating in the UK as an
underwriter in
1992. The Group changed its name to the BGL Group in July 2007. A strategic change in
1997 to intermediary status, marketing policies underwritten by a panel of insurers, triggered the growth of the BGL Group. Through a combination of organic growth and a number of major strategic acquisitions, which included Arnott Century (1999), Dial Direct and
Bennetts (
2001), the Group increased in size by a substantial amount.
A major contributor to this growth was the launch of its affinity business, Junction, in
2002. With an increasing number of high profile partners, such as
Post Office,
M&S Money,
Bradford & Bingley, and Yes Insurance, Junction’s policies under management has grown to over half a million.
A memorable PR and marketing campaign for
Bennetts was launched in
2003, helping to establish the bike insurer as a leading brand in the
UK market. A similar approach is being used, in 2006 for Budget & Dial’s Commercial Vehicle business.
In 2003, Budget launched its own uninsured loss recovery business, ACM ULR. In its first year of trading it captured 80,000 incidents and is available to all of Budget’s and its partners’ policyholders.
