Albion Ventures invests £2m in Innovation Broking

Venture capitalists Albion Ventures will invest £2m in Innovation Broking to help its growth plans. Innovation, which is based in Watford and led by CEO Paul Dickson and managing director Howard Pearson, said it will be targeting clients seeking insurance for technology-related risk exposures. That includes global property, liability, package, professional indemnity, fleet, directors and officers insurance according to the broker. The firm said its growth strategy will be driven by leveraging the management's industry contacts to recruit specialist individuals looking to operate in a more entrepreneurial environment.