(Connecticut State Capitol in Hartford. Source: Pixabay.)
GI Partners, a San Francisco-based middle-market alternative asset manager, has announced that it has completed the previously announced acquisition of Insurity, Inc. (Hartford), a provider of core insurance and platform software for the property/casualty insurance industry.Insurity provides policy administration, claims, billing, and data analytics software to more than 200 insurance clients. Insurity’s previous investors were TA Associates, General Atlantic, and Genstar Capital.
Insurity was founded in 1985 and deploys its policy administration software and full-service solutions to property/casualty markets, including global, national, regional insurance carriers, brokers, large MGAs, and municipalities and government entities, among others.
In partnership with the company’s senior management team, GI Partners reports that it plans to accelerate Insurity’s growth as the company aims to expand its leadership in policy administration and related software solutions and leverage GI Partners’ experience in driving organic growth and M&A.
Travis Pearson, Sendil Rajendran, Sean Turner, and John Wang from GI Partners will join Insurity’s board of directors.