As per reports, The Travelers Companies, Inc. (TRV) announced the acquisition of a digital independent insurance agency, InsuraMatch, LLC from the Plymouth Rock Group of Companies. The deal is subject to customary closing procedures. The terms of the deal were not disclosed. InsuraMatch offers an online platform to assist consumers to compare offerings from more than 40 carriers across the United States, focussing on personal insurance. InsuraMatch provides coverage for the auto, umbrella, home, boat, motorcycle, renters, and flood, among others.
Founded in 2014 as part of Plymouth Rock, InsuraMatch operates as an autonomous business unit. In 2019, InsuraMatch produced nearly $32 million in premiums. InsuraMatch will continue to operate independently and oversee all carrier partnerships.
“We continue to invest in the talent and technology that will allow us to best serve our customers and bring strategic capabilities to our agents and brokers in an increasingly digital environment. InsuraMatch’s scalable technology platform will complement our efforts to meet customers where they are, give them what they need, and serve them how they want.” stated said Michael Klein, Executive Vice President and President of Personal Insurance at Travelers.
Dow 30 component, The Travelers Companies, Inc. (TRV) is an insurance provider of property-casualty insurance for home, auto, and business. To learn more about The Travelers Companies, Inc. (TRV) and to continue to track its progress please visit the Vista Partners Travelers Companies, Inc. Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.