Two Sigma Insurance Quantified utilizes technology, data science, intelligent automation. News of the deal comes about a week after Coalition, a managing general agency, disclosed it had raised $205 million in venture financing, with a push into public markets among its future plans. Two Sigma IQ is an independent affiliate of Two Sigma Investments, LP. “Together, our companies will define the future of insurance by applying data and technology expertise to mitigate current and emerging risk, expand our insurance offerings to keep more businesses safe, and build a better experience for insurance brokers and their clients,” Joshua Motta, CEO and co-founder of Coalition, said in prepared remarks. Brian Modesitt, CEO at Two Sigma Insurance Quantified (TSIQ), has led Two Sigmas entry into the insurance business, culminating in the formation of Two. is Managing Director, General Counsel of Two Sigma Investments, LP, Two Sigma Advisers, LP, Two Sigma Investor Solutions, LP (and their various affiliates), a group of global investment managers specializing in quantitative investing and advising across a broad range of asset classes. In acquiring Attune, Coalition is getting an insurance producer licensed in 50 states through which brokers and customers have the ability to quote and bind businessowners, workers’ compensation, commercial liability excess, professional liability, and general liability policies in minutes for hundreds of small-commercial classes, the announcement noted.Ĭoalition said will it also offer its cyber insurance and its risk management tool Coalition Control through Attune and launch an expanded set of Attune’s insurance offerings over time. Neither Coalition nor Attune are disclosing financial terms, though a Coalition spokesperson disclosed the M&A move is “an all-cash transaction.” Attune has 150 people, who will become part of a company with 270 employees. ![]() Those firms jointly launched Attune as a startup in late 2016, and CEO James Hobson has been in charge since early 2017. The memorandum underscores Two Sigma Insurance Quantifieds commitment to transforming commercial insurance through data science and technology, and its. Attune was a wholly owned subsidiary of Attune Holdings, LLC, a Delaware limited liability company, which is a joint venture among AIG Property Casualty U.S., Inc., Two Sigma Insurance Quantified, LP and Hamilton U.S.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |