Avid Insurance Services is a specialist insurance intermediary and managing general agent (MGA), expertly pricing and managing risks predominantly in the travel and social housing sectors. The company was founded in 2006 and is headquartered in Leeds, UK.Avid Insurance Services generates revenue by providing underwriting services and developing niche insurance solutions for its clients. The company operates under long-term, fully delegated binder agreements with its insurer partners, giving it the capacity and flexibility to support new product lines and acquire complementary underwriting teams.In August 2019, Beech Tree Private Equity, a sector-specialist private equity firm, acquired a majority stake in Avid Insurance Services to support the company's ambitious growth plans. Under Beech Tree Private Equity's ownership, Avid Insurance Services has pursued a buy-and-build strategy to accelerate its growth. In August 2023, the company completed its first acquisition by acquiring Incorporated Insurance Group Ltd (IIGL), a specialist MGA focused on the leisure and hospitality sectors. This acquisition has enabled Avid to expand its product offerings and customer base.Beech Tree Private Equity's investment has also supported Avid Insurance Services in enhancing its data analysis capabilities and hiring new underwriting teams. The partnership aims to leverage Avid's expertise in niche markets, such as social housing and equine risks, where the company has built deep relationships and a strong understanding of risk profiles