Travelers buys Simply Business

deal-hand-pen

Digital broker bought for an enterprise value of $490m.

Travelers has confirmed that it is to buy Simply Business from private equity firm Aquiline Capital Partners for an enterprise value of approximately $490m [£400.6m].

Simply Business was sold to Aquiline by fellow private equity company AnaCap Financial Partners in April 2016.

Alan Schnitzer, chief executive officer of Travelers, said: "Simply Business is a profitable and growing technology company with impressive strategic digital capabilities, leading digital commerce talent and proven small

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Energy MGA Volt powers up

Volt Underwriting, a London-based MGA formed to support clients active in the energy transition sector, has launched with initial capacity of $25m (£19.14m) for international and US onshore power and renewable energy risks.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: