Velocity HoldCo Acquires Majority Stake in Insight Risk Technologies
September 18, 2023
Velocity HoldCo, the holding company for Velocity Risk Underwriters, acquired a majority stake in Insight Risk Technologies, a technology-focused Builder's Risk managing general agent (MGA). The deal, closed September 18, 2023, adds Builder's Risk capabilities and IoT-enabled loss-prevention tech to Velocity's specialty insurance platform and is being used to accelerate Insight Risk's growth across the US.
- Buyers
- Velocity HoldCo, LLC
- Targets
- Insight Risk Technologies LLC
- Platforms
- Velocity HoldCo, LLC
- Industry
- Insurance
- Location
- New York, United States
- Transaction Type
- Addon
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