TA Associates, a global growth private equity firm, is making a strategic growth investment in Insurity. TA and Insurity’s current investor GI Partners, intend to accelerate growth and expand the delivery of analytical software platforms.
Insurity is a prover of cloud-based software for property and casualty carriers, brokers and MGAs. The firm has built a team of nearly 1,500 employees globally with customers that include some of the top P&C carriers in the United Sates. The firm also has more than 250 cloud-based customers with a 97% retention rate.
TA originally invested in Insurity in 2014 before selling to GI in 2019. This investment marks a renewed commitment in Insurity’s growth and future momentum from TA.
“We are thrilled to have TA renew their investment in Insurity,” said Chris Lafond, CEO, Insurity. “We are pleased to partner with both TA and our existing investor, GI, as they collectively provide us with greater access to resources to best serve the P&C insurance industry.”
Lazard is serving as the exclusive financial advisor and Kirkland & Ellis LLP is providing legal counsel to Insurity. Goodwin Procter LLP is providing legal counsel to TA.