Quotesmith.com Inc., the Darien, Ill.-based online brokerage that has yet to record a profit, announced that it has completed the previously announced asset acquisition of Life Quotes Inc. utilizing cash on hand and external financing.
As part of the Life Quotes asset acquisition and as previously announced, Quotesmith.com intends to sell about 2.4 million shares of common stock at a price of $5.50 per share to Zions Bancorp., raising $13 million in additional capital.
Was this article valuable?
Here are more articles you may enjoy.
‘Structural Shift’ Occurring in California Surplus Lines 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
What Analysts Are Saying About the 2026 P/C Insurance Market 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
