(Image source: Vouch Insurance homepage.)
Hiscox (Hamilton, Bermuda) has agreed to acquire Corix Insurance Services, LLC and Vouch Insurance Company from Vouch, Inc., expanding its capabilities in the U.S. small business insurance market.
Mary Boyd, CEO, Hiscox USA.
The transaction adds specialist distribution channels and broker technology to Hiscox USA, enhancing its position in sectors including technology start-ups, life sciences, and professional services. Hiscox USA, based in Atlanta, Georgia, currently serves more than 600,000 small business customers through multi-channel distribution and wrote more than $900 million in premiums in 2024.
As part of the transaction, Hiscox and Vouch, Inc. have entered into a multi-year distribution agreement. Vouch, Inc., headquartered in San Francisco, California, will continue operating as an independent insurance broker focused on risk management services for clients in technology and related sectors.
“This acquisition perfectly fits within our strategy, expanding our solutions and distribution,” says Mary Boyd, Hiscox USA CEO. “Welcoming the brilliant Corix team and their valued customers to Hiscox USA is an exciting moment in our journey.”
Sam Hodges, CoFounder and CEO, Vouch, Inc.
Combining Tech with Deep Insurance Experience
“We’ve always believed in the power of combining technology with deep insurance expertise,” comments Sam Hodges, co-founder and CEO, Vouch, Inc. Building Corix from the ground up proved that vision, and under Hiscox’s ownership, the team is now positioned to scale even further. For Vouch, this transaction allows us to sharpen our focus as a broker to help our clients manage risk with greater speed, clarity, and confidence.”
Fenchurch Advisory Partners acted as financial advisor to Hiscox, with Herbert Smith Freehills Kramer serving as legal counsel. Deutsche Bank advised Vouch, Inc., with legal support from McDermott Will & Schulte.