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July 10, 2020

Hartford’s Insurity notches second acquisition in under a month

Photo | Contributed Chris Lafond, CEO of Insurity, a Hartford-based insurance software company that's on a 2020 acquisition spree.
By Matt Pilon

Hartford-based Insurity said it has acquired a Texas-based cloud software company that enables insurance policy underwriting and issuance.

Financial terms of Insurity’s purchase of Virtual MGA, which closed July 7, were not disclosed. The company’s focus areas include London wholesale brokers and the U.S. excess and surplus markets.

It’s the third acquisition of 2020 for Insurity and comes on the heels of its June 22 acquisition of Epic-Premier.

Insurity said the Epic-Premier and Virtual MGA acquisitions are related in that they beef up Insurity's front-office and back-office offerings for the managing general agent (MGA) market.

“Virtual MGA offers a leading cloud-based binding authority underwriting and distribution solution for the largest wholesale brokers, syndicates, and MGAs, with a significant focus on the Lloyd’s of London and U.S. excess and surplus markets,” Insurity said in a statement.

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