P2P insurer Guevara shuts up shop

UK peer-to-peer (P2P) consumer insurance pioneer Guevara has
closed its operations after it was unable to establish a fully
capitalised underwriting vehicle, The Insurance
Insider can reveal.
Guevara, which initially launched in 2013 as a broker, allowed
customers to pool their premiums in order to lower the individual
premium spend on their motor insurance.
Its lead investor at the Series A funding stage was Mosaic
Ventures, according to Crunchbase.
Guevara co-founder Paul Anderson confirmed th