Arch Insurance Acquires Thimble

Arch MI to Acquire RMIC Companies, Inc. from Old Republic

November 13, 2023

Insurance

Arch U.S. MI Holdings (Arch MI), a subsidiary of Arch Capital Group Ltd., has signed a definitive agreement to acquire RMIC Companies, Inc. and its subsidiaries, the run-off mortgage insurance business of Old Republic International Corporation. RMIC's approximately $1.0 billion risk-in-force portfolio will be integrated into Arch MI's U.S. primary mortgage portfolio; the transaction is expected to close in the first half of 2024, subject to regulatory approval.

Thinktum Inc Acquires Illustrate Inc

September 18, 2023

Software

Thinktum Inc., a Waterloo, Ontario-based no-code insurance technology firm, has acquired Illustrate Inc., a provider of cloud-based life insurance illustration, e-application and point-of-sale software with operations in Overland Park, Kansas and Toronto, Ontario. The acquisition combines Thinktum's no-code underwriting and e-app solutions with Illustrate's OPUS platform to expand capabilities and service offerings for insurers and insuretechs; senior leadership roles were reallocated with Paul Reaburn as CEO and David Slabodkin as Chairman.

Tower Arch Capital Recapitalizes SnugZ USA

October 10, 2019

Manufacturing

Tower Arch Capital completed a recapitalization of SnugZ USA in partnership with SnugZ President and CEO Brandon Mackay. The transaction will support product innovation, expansion into additional promotional product segments, and pursue targeted add-on acquisitions to grow SnugZ's promotional products business.

BOXX Insurance Acquires Templarbit

November 8, 2022

Cybersecurity

Toronto-based cyber insurtech BOXX Insurance has acquired Palo Alto–based cyber threat intelligence platform Templarbit. The deal brings Templarbit's cloud-native threat intelligence and vulnerability monitoring technology and its founder Bjoern Zinssmeister (joining BOXX as Head of Engineering) into BOXX's R&D division to bolster BOXX's proactive cyber risk protection capabilities for SMB customers.

Thomas H. Lee Partners Acquires Majority Stake in Insurance Technologies

September 14, 2020

Cloud & SaaS

Thomas H. Lee Partners (THL) has agreed to acquire a majority stake in Insurance Technologies, LLC from NexPhase Capital. The investment will support Insurance Technologies' continued development of a SaaS cloud-based sales and regulatory automation platform for the insurance and financial services industries and enable further strategic acquisitions.

Arch Reinsurance Acquires Somerset Bridge Group and Southern Rock Holdings

June 23, 2021

Insurance

Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., announced a planned acquisition of Somerset Bridge Group Limited, Southern Rock Holdings Limited and affiliates (collectively “Somerset”), subject to regulatory approval. The deal brings Somerset's motor managing general agent, distribution capabilities, affiliated insurer and integrated claims operation into Arch Re’s platform to deepen its UK motor and distribution capabilities.