MRI Software acquires Insurent

Real estate software provider MRI Software has acquired New York City-based Insurent, which offers a lease guaranty solution for renters and landlords.

Founded in 2008, Insurent has guaranteed more than $1 billion in rent exposure since inception. Its services are accepted by over 9,000 buildings that manage in excess of 800,000 apartments.

The Insurent Lease Rental Bond Policy and The Insurent Lease Residual Value Policy are underwritten and issued by Argonaut Insurance Company.

“We are excited to join forces with a PropTech industry leader. Bringing together two forward-thinking category founders will drive leasing confidence and ensure that Insurent’s clients and applicants benefit from the latest technology and innovation.” – Jeffrey Geller, Vice Chairman and Chief Operating Officer, Insurent.

“The combination of Insurent’s lease guarantor offering and MRI’s existing resident insurance and fraud mitigation offerings will redefine what’s possible for risk protection, providing property owners and residents with the ultimate peace of mind.” – John Ensign, President and Executive Managing Director, North America for MRI Software.