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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