The acquisition of insurance marketplace CoverHound comes after $112m in funding from investors including Hiscox, Chubb, MS&AD, Aflac Ventures, Ace Group and American Family Ventures.
Risk management technology provider Brown & Brown acquired the assets of US-based digital insurance marketplace CoverHound on Monday for an undisclosed amount, allowing several insurance firms to exit.
CoverHound runs an online marketplace that allows users to compare quotes from a range of different providers, while its CyberPolicy subsidiary concentrates on business insurance.
Steve Boyd, senior vice-president of technology, innovation and digital strategy for Brown & Brown, said: “We see CoverHound as an important platform for Brown & Brown’s expansion…
