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Travelers Announces Acquisition Of Digital Independent Insurance Agency InsuraMatch

By John F. Heerdink, Jr.

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. 


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(Read Original Story: Travelers to Acquire InsuraMatch in Business Wire)


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