Rebuilding great digital businesses around insurance.

Cove is the technology and operating team inside Deck2. We take profitable businesses that already sell to millions of customers, plug them into one AI-native growth platform, and make protection the most valuable thing they sell.

US$1B+
Portfolio value we are building toward with Deck2
5x
EBIT growth we target for every business in five years
1.5M+
Bookings a year across North America, Europe and Australia

Deck2 acquires. Cove transforms.

Acquire

Deck2 buys profitable, mid-market distributors with loyal customers, strong brands and technology that is holding them back.

Plug in

We move the business onto Cove: one data layer, one payments stack, one testing engine, from week one.

Protect

We embed the right cover at every relevant moment, priced by AI and sold in a way customers actually want to buy.

Compound

What works in one business ships to every other. The platform, and the portfolio, get stronger with each deal.

“If a company makes most of its money from insurance, it’s an insurance company.”

Chris Bayley, CEO

Travel agencies, marketplaces, fintechs, retailers and digital companies of many stripes already stand at the exact moment their customers need protection. Most treat that moment as an afterthought: a checkbox, a legacy partner, a revenue line nobody owns.

We treat it as the heart of the business model. Distribution is the hard part of insurance, and these businesses have already done it.

Permanent capital. To own and operate, not flip.

Deck2 buys businesses to keep them. That changes how we build. The transformations Cove makes are deep, not cosmetic, and designed to compound for years.

1

Long-term owners

We invest in the brands, teams and customers we buy. No sell-on timeline, no short-term cuts dressed up as strategy.

2

Small, talent-dense teams

Minimal hierarchy. Big surface area. We run established businesses with the urgency and ambition of a startup.

3

Build once, deploy everywhere

Every improvement goes into the Cove platform, so each new business starts further ahead than the last.

4

Evidence over opinion

We test almost everything. Pricing, offers, journeys and messages ship when the data says so, not when the loudest voice does.

One growth platform. Every business we own.

A unified, AI-native stack that replaces the patchwork most distributors run on. Built for insurance distribution from the ground up, with every lever running on one data platform.

Monetise

Turn every transaction into a protected one

  • Embedded insurance & ancillaries, powered by Cover Genius. One API to quote, bind and service cover from multiple carriers and MGAs.
  • AI pricing engine. Core product, fees and protection priced together, in real time.
  • Payments. Full visibility and reconciliation across every currency and provider.
Convert

Make buying easy, on every surface

  • White-label front end. Fast, modern booking and servicing journeys, launched per brand in weeks.
  • Testing & results engine. Server-side A/B/n experimentation across pricing, offers and UX.
Retain

Keep customers coming back, and covered

  • Personalisation & lifecycle. Every customer tracked from first visit to renewal, with journeys that adapt.
  • Agentic AI support. Proactive, self-service help from booking changes to claims.
Know

One data platform under everything

Every lever above runs on the same data. Pricing, testing, personalisation and marketing all work from one set of numbers, so what we learn in one business carries to the next.

  • Data warehouse. Every booking, policy, payment and touchpoint consolidated in one place.
  • Attribution & lifetime value. Know what each customer is worth and where to find more of them.
  • Marketing efficiency. Spend, attribution and return in one view, so every dollar is measured against the margin it brings back.
Multiline policy administration

One policy system across all assets.

Cove runs its own multiline policy administration system, so any business we own can sell any kind of cover through one engine: quoted, bundled, bound, serviced and reported in one place.

  • All countries
  • Travel
  • Rentals
  • Auto
  • Credit
  • Property
  • Warranties
  • Admitted + E&S

Multiline by design

Travel, electronics, rental car, auto, warranties and other embedded cover, all administered in one system. A new line plugs in without a rebuild.

The full policy lifecycle

Quote, bind, change, renew and cancel, with every policy a record the whole portfolio can see and report on.

Supports any structure

Policies from multiple insurers sit in one system. When we acquire a business, the switch out to our preferred structure is seamless.

Starting in travel. Not stopping there.

Travel is where embedded insurance was proven, and where our team built Cover Genius. It’s our first market, not our only one. Wherever a business sells to customers who need protecting, the Cove playbook works.

Travel & mobility
Now
Insurtechs & MGAs
Next
E-commerce & consumer internet
Next
Consumer finance
Next

What we’ve improved.

Auto Europe Group
Global car rental OTA, 45 years, acquired December 2025
First platform deal

One of the world’s longest-running car rental brokers, trusted by travellers and travel agents across North America, Europe and Australia. Now rebuilding its growth engine on Cove.

+25%
EBITDA
+7%
Insurance attach rate
+26%
Insurance revenue
−12%
Operating expenses
Your business could be next.

Deck2 is targeting three to five more acquisitions over the next two and a half years.

Start a conversation

Two ways to work with us.

Founders & owners

Ready for what’s next?

We look for profitable distributors with loyal customers, a brand worth keeping, insurance revenue that’s under-used, and technology that’s holding them back. You get unicorn operators and a platform on day one.

Talk to Deck2 →
Builders

Ship once. Land everywhere.

Engineers, data scientists, growth and product people: ship once and see it land across millions of customers in multiple businesses. Small teams, real ownership, no busywork.

See open roles →

Built by the team behind embedded insurance unicorns.

Unicorn founders and operators across insurance, fintech and consumer internet.

Chris Bayley
Cover GeniusGoogle
Chris Bayley
CEO

Co-founded Cover Genius and scaled it into a global embedded insurance unicorn. Leads Deck2 and Cove.

Gavin Dennis
Cover GeniusPemba Capital Partners
Gavin Dennis
CFO

20+ years in finance, including four as CFO of Cover Genius through its high-growth years.

Tom Cooper
MittiGoldman Sachs
Tom Cooper
CIO

Former MD at SafetyCulture and Goldman Sachs VP, with 10+ years leading M&A and capital markets deals.

Matt Seakins
MittiDrover
Matt Seakins
CMO

15+ years leading growth and marketing, including Google, Drover and SafetyCulture.