Insurity announces growth investment from TA Associates

Insurity, a provider of cloud-based software for property and casualty carriers, brokers, and MGAs, announced that TA Associates, a global growth private equity firm, is making a strategic growth investment in the company. TA, along with Insurity’s current investor, GI Partners, plan to further accelerate Insurity’s growth.

Founded in 1985 and headquartered in Hartford, CT, Insurity has built a team of nearly 1,500 team members globally. The company’s customers include 15 of the top 25 P&C carriers in the U.S. and 7 of the top 10 P&C MGAs.

With an original investment in Insurity dating back to 2014, TA executed a “successful sale” to GI Partners in 2019. Today, TA’s renewed commitment to Insurity’s growth is “a testament to the company’s significant momentum and future direction.”

“We are thrilled to have TA renew their investment in Insurity. In the past two years, we have built leading cloud-based and data-driven products, expanded our total addressable market, acquired eight leading companies, and onboarded 16 system integrator partners. Insurity is proud to work with over 500 customers. 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.” – Chris Lafond, CEO, Insurity.

“At TA, we have always seen Insurity as a company with outstanding growth potential. They have built a comprehensive portfolio of offerings from underwriting to advanced data and analytics capabilities, along with a deep commitment to customer success. We are excited to partner with GI Partners and Insurity’s world-class team to help accelerate growth and expansion.” – Harry Taylor, Managing Director at TA, and Amit Jain, Senior Vice President at TA.