M&A Deal Summary

Humn.ai Acquires Walsingham Motor Insurance

On December 20, 2021, Humn.ai acquired insurance company Walsingham Motor Insurance from B.P. Marsh & Partners

Acquisition Highlights
  • This is Humn.ai’s 1st transaction in the Insurance sector.
  • This is Humn.ai’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-12-20
Target Walsingham Motor Insurance
Sector Insurance
Buyer(s) Humn.ai
Sellers(s) B.P. Marsh & Partners
Deal Type Add-on Acquisition

Target

Walsingham Motor Insurance

London, United Kingdom
Walsingham Motor Insurance is a Managing General Agent offering Motor Fleet insurance products to carefully selected partner brokers. Walsingham Motor Insurance is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Humn.ai

Leeds, United Kingdom

Category Company
Sector Information Technology
DESCRIPTION

Humn.ai is an AI-powered Platform that uses science and data in the precision insurance solution. The company improves road safety by building a risk & insurance platform Rideshur. Rideshur tracks thousands of environmental & behavioral data points in real-time, providing transportation risk modeling capabilities. Humn.ai is based in Leeds, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

B.P. Marsh & Partners

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 1990
Size Middle-Market
Type Sector Focused
DESCRIPTION

B.P. Marsh & Partners is a specialist private equity investor in early stage financial services companies. B.P. Marsh looks to make minority investments of up to £5 million in opportunities based in the UK, Europe, and North America. Specific financial services businesses of interest include insurance intermediaries, asset managers, independent financial advisers, and professional consultants. B.P. Marsh & Partners was formed in 1990 and is based in London.


DEAL STATS #
Overall 4 of 8
Sector: Insurance M&A 3 of 7
Type: Add-on Acquisition M&A Deals 2 of 4
Country: United Kingdom M&A 4 of 6
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-29 SAGE Program Underwriters

Bend, Oregon, United States

SAGE Program Underwriters is a provider of specialist insurance products to niche industries, initially in the inland delivery and field sports sectors. SAGE Program Underwriters was founded in 2019 and is based in Bend, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-31 Mark Edward Partners

New York, New York, United States

Mark Edward Partners is a specialty insurance broker offering a wide range of risk management services to both commercial and private clients. MEP is a national U.S. firm with licenses to operate in all 50 states and has offices in New York, Palm Beach and Los Angeles. Mark Edward Partners was established in 2010 and is based in New York City.

Sell -