GI Partners, a middle-market alternative asset manager, has completed the previously announced acquisition of Insurity Inc., a software platform for the property and casualty insurance industry.
Headquartered in Hartford, Conn., Insurity provides policy administration, claims, billing and data analytics software to more than 200 insurance clients. Insurity was founded in 1985 and deploys its policy administration software and full-service solutions to property and casualty markets, including global, national, regional insurance carriers, brokers, large managing general agencies, and municipalities and government entities, among others.
In partnership with the company’s senior management team, GI Partners plans to accelerate Insurity’s growth as the company aims to expand its leadership in policy administration and related software solutions, as well as leverage GI Partners’ experience in driving organic and inorganic growth.
Travis Pearson, Sendil Rajendran, Sean Turner and John Wang from GI Partners will join Insurity’s board of directors.
Insurity’s previous investors were TA Associates, General Atlantic and Genstar Capital.
Source: GI Partners
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