Brookfield, Wis.-based Fiserv Inc. has acquired the assets of Unisure Inc. a provider of reinsurance software and related services, and has formed a strategic relationship with Unisure’s former parent, Paragon Strategic Solutions Inc.
The purchase price was not disclosed. The acquisition will add about $5 million in annual processing and services revenues for Fiserv, the company said in a statement.
Fiserv agreed to provide access to its entire line of reinsurance and related products to Paragon and its parent, Benfield Holdings Inc., the U.S. subsidiary of Benfield Group Limited, a leading global reinsurance intermediary. Fiserv will support Paragon’s Reinsurance Administration Outsource business with the Unisure reinsurance administration system.
Unisure, located in Cincinnati, Ohio, has 25 employees and will become part of the Fiserv Insurance Solutions Group. Unisure develops and markets the Universal Reinsurance System, a comprehensive, integrated software system designed to process and manage complex reinsurance contracts.
URS automates reinsurance administration from contract definition through claims, accounting and reporting, and handles complex, interrelated reinsurance structures and large transaction volumes, and operates on several platforms, including mainframe.
Was this article valuable?
Here are more articles you may enjoy.
Independent Agencies Total About 37,000 in 2026, a Decrease From 2024 
Hellman & Friedman Explores Sale of Applied Systems at Up to $10B, Sources Say 
State Farm to Increase Claims Workforce by 3,000 
McKinsey Rebukes Partner Who Questioned Challenges Facing Women CEOs 
