M&A Deal Summary

MIB Group Acquires Clareto

On May 2, 2025, MIB Group acquired internet software and services company Clareto from Munich Re

Acquisition Highlights
  • This is MIB Group’s 2nd transaction in the Internet Software and Services sector.
  • This is MIB Group’s 3rd transaction in the United States.
  • This is MIB Group’s 1st transaction in Virginia.

M&A Deal Summary

Date 2025-05-02
Target Clareto
Sector Internet Software and Services
Buyer(s) MIB Group
Sellers(s) Munich Re
Deal Type Divestiture

Target

Clareto

Richmond, Virginia, United States
Clareto is a medical record retrieval company for the life insurance industry. Clareto engages health information exchanges (HIEs), healthcare providers, and other data sources and facilitates the electronic exchange of health information pursuant to HIPAA-compliant authorizations in support of underwriting, claims, and other business processes for the life insurance industry. Clareto was founded in 2016 and is based in Richmond, Virginia.

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Buyer(S) 1

Buyer

MIB Group

Braintree, Massachusetts, United States

Category Company
Founded 1902
Sector Insurance
DESCRIPTION

MIB Group, Inc. is the life and health insurance industry's most trusted and secure partner for data-driven risk management and digital solutions that protect the financial integrity of its members and clients while addressing their evolving needs. MIB Group, Inc. was founded in 1902 and is based in Braintree, Massachusetts.


DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-29 RiskRighter

Harrisburg, Pennsylvania, United States

RiskRighter is a life insurance company that offers solutions for medical records summarization for several insurance providers. RiskRighter is based in Harrisburg, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Munich Re

Munich, Germany

Category Company
Founded 1880
Sector Insurance
Employees43,550
Revenue 42.3B EUR (2024)
DESCRIPTION

Munich Re is a global reinsurance company. ERGO, a Munich Re subsidiary, is the Group’s primary insurance brand. Munich Re was founded in 1880 and is based in Munich, Germany.


DEAL STATS #
Overall 5 of 5
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 4 of 4
State: Virginia M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-20 Next Insurance

Palo Alto, California, United States

Next Insurance is transforming small business insurance with simple, digital, and affordable coverage tailored to the self-employed. Next Insurance offers policies that are easy to buy in 10 minutes or less and provides 24/7 access to services such as Live Certificates of Insurance, Additional Insured, and more, with no extra fees. Next Insurance was founded in 2016 and is based in Palo Alto, California.

Buy $2.6B