GI Partners Recapitalizes Insurity, Inc.
June 21, 2019
GI Partners completed a recapitalization of Insurity, Inc., acquiring the leading cloud-based policy administration and analytics software provider for the Property & Casualty insurance industry from existing investors TA Associates, General Atlantic, and Genstar Capital. GI Partners will partner with Insurity's senior management to accelerate growth, expand product capabilities, and pursue add-on acquisitions to drive organic and inorganic expansion.
- Buyers
- GI Partners
- Targets
- Insurity, Inc.
- Sellers
- TA Associates, General Atlantic, Genstar Capital
- Industry
- Cloud & SaaS
- Location
- Connecticut, United States
- Transaction Type
- Recapitalization
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Related Acquisitions
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TA Associates Makes Growth Investment in Insurity
November 9, 2021
Cloud & SaaS
TA Associates is making a strategic growth investment in Insurity, a Hartford-based provider of cloud-native software and analytics for property & casualty (P&C) carriers, brokers, and MGAs. GI Partners, Insurity's existing investor, remains committed and will continue supporting the company as it seeks to accelerate product development, cloud deployments, and market expansion; Insurity has ~1,500 employees and more than 250 cloud-based customers.
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Insurity Acquires Instec
April 21, 2021
Cloud & SaaS
Insurity, a Hartford-based provider of cloud-based software for P&C carriers and a portfolio company of GI Partners, completed the acquisition of Instec on April 14, 2021. The purchase brings Instec’s SaaS policy administration capabilities into Insurity’s platform to deepen ISO bureau content support, accelerate program business onboarding, and broaden offerings for mid-size P&C carriers and MGAs.
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Insurity Acquires Epic-Premier Insurance Solutions
June 25, 2020
Software
Insurity, a Hartford-based provider of cloud-based core system solutions and data analytics for insurers, completed the acquisition of Florida-based Epic-Premier Insurance Solutions on June 22, 2020. The deal adds Epic-Premier’s ConceptOne policy administration capabilities to Insurity’s platform to strengthen its position and product offering in the managing general agent (MGA) market; terms were not disclosed.
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Insurity Acquires Virtual MGA
July 10, 2020
Cloud & SaaS
Insurity completed the acquisition of Virtual MGA on July 7, 2020 for undisclosed terms. The purchase expands Insurity's cloud-based core systems and analytics capabilities for MGAs, London Lloyd’s syndicates, wholesale brokers and the US excess & surplus market by adding Virtual MGA's binding authority underwriting and distribution platform.
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Insurity Acquires AuSuM Systems
September 29, 2021
Cloud & SaaS
Insurity has acquired AuSuM Systems to integrate AuSuM’s cloud-native premium audit and loss control software into Insurity’s platform, accelerating Insurity’s cloud and analytics capabilities for property & casualty carriers. The deal will allow P&C insurers to automate premium audits and loss control workflows and leverage predictive analytics to improve underwriting accuracy and profitability.
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Insurity Acquires Maprisk
October 7, 2021
Data & Analytics
Insurity has completed the acquisition of Maprisk, a Portland, Maine-based provider of geospatial data and analytics for property & casualty (P&C) carriers and MGAs. The deal expands Insurity's cloud-based geospatial analytic capabilities into the personal lines market and integrates Maprisk's API and web-platform data delivery across Insurity's policy lifecycle solutions.
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