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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