August 7, 2012

E. Windsor’s Insuritas using $10M to go national

East Windsor's Insuritas raised $10 million to expand its offering of insurance-brokerage services to banks and credit unions nationwide, authorities say.

It is the first capital raise for the company since a 2008 management buyout from Jack Henry & Associates Inc., of Bedford, N.H., officials said Tuesday.

Founder-CEO Jeffrey Chesky said the firm plans to immediately ramp up to put its products into more than 300 U.S. financial institutions over the next 36 months.

That will mean expansion of its management and corporate sales team, as well as its operations and technology staffs to handle the increased demand loads from adding new clients nationally, Chesky said.

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