Business Moves: Arch Insurance Acquires Insurtech Thimble

April 11, 2023

Arch Insurance today said it has acquired Thimble, an insurtech platform that enables small businesses to get insurance coverage by the job, month or year using app, website, or over the phone.

Terms were not disclosed.

Arch said the acquisition expands its suite of digital solutions for small business customers and brokers. Since May 2018, Thimble has delivered more than 170,000 policies to small businesses across the United States. Thimble works with a variety of carriers including Markel and Employers. The Thimble team will continue growing the business with its existing carrier partners and offer new solutions through Arch.

Related: BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble

“At Arch, we’re always looking to expand our digital solutions and create new, easy ways to do business with us,” said Jay Rajendra, Arch’s chief strategy and innovation officer. “Thimble makes insurance easy. The Thimble team has created a best-in-class digital experience for small business customers and agents to acquire and manage insurance. We’re excited about growing the Thimble platform and applying many of its digital practices across Arch to better serve our partners.”

Jay Bregman, co-founder of Thimble, said, “We are delighted to join the Arch family. The entire Thimble team is looking forward to working with Arch and our existing carrier partners to grow the platform. I’m equally excited to see how our team’s digital experience can benefit Arch and its distribution partners.”

Topics Mergers & Acquisitions InsurTech Tech

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