Bump Insurance is owned and operated by Derek Coffey, Martin Sweeney and John White – former Directors/Partners in Sertus Insurance, with long experience of the Irish Insurance market. “Bump was created to provide good quality and financially secure insurance products, supported by efficient and dependable service, to Brokers and their Customers. We utilise technological advancements to enable better risk segmentation and pricing of products for our chosen market. Being able to identify and target niche business is important to us – it means we can select risks, offer a quality product with competitive pricing and produce good outcomes for all stakeholders”. Derek Coffey (Managing Director)
Derek started his insurance career in 1983 working in the GRE Claims Dept. handling personal injury claims. From there he moved to AMEV where he was a loss adjuster dealing with property and liability claims. He left to join Celtic Int. in Galway becoming Claims Manager. He joined IUS Ltd./Europa General Ins. Co. Ltd. in 1997, initially holding the position of Claims Manager, later becoming General Manager and ultimately a Board Director in 1999. He left to establish Sertus Insurance in 2003, an underwriting agency primarily focused on private motor insurance and later household insurance. Derek is a Past President of the Insurance Institute of Galway. He is the Director responsible for Underwriting, Marketing, Compliance and Claims.
Martin has worked in the Irish insurance industry for the past 16 years. For 15 years he has held the key position in companies as Head of IT. A founding partner in Sertus Insurance, he has extensive experience in all IT areas of the general insurance business sector, especially, motor, liability and property insurance. Martin has designed, written and implemented entire in-house IT systems, including integration of full-cycle EDI functionality with external soft-ware houses. Martin is the Director responsible for ICT and Finance.
John is an Approved Person under the UK FCA regime and has held Executive Directorships in Lloyds’ of London, Insurance Companies both in Ireland and UK and also in Underwriting Agencies in Ireland, UK and internationally. John is the Director responsible for Corporate Governance, Risk and Management Information.