Verily Acquires Granular Insurance Company; Swiss Re Takes Stake in Verily

September 29, 2022

Verily has acquired Granular Insurance Company from Swiss Re, with Granular becoming a wholly‑owned subsidiary of Verily. Swiss Re exchanged its investment in Granular for an equity stake in Verily and will no longer be a direct shareholder in Granular while remaining committed to the U.S. employer stop‑loss market.

Buyers
Verily
Targets
Granular Insurance Company
Sellers
Swiss Re
Industry
Insurance
Location
Pennsylvania, United States
Transaction Type
Buyout

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