Add-on Acquisition • Insurance

PassportCard Acquires Pattern

On May 7, 2025, PassportCard acquired insurance company Pattern

Acquisition Context

This is PassportCard’s 1st transaction in the Insurance sector.
This is PassportCard’s 1st transaction in the United States.
This is PassportCard’s 1st transaction in California.

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M&A Deal Summary
Date	May 7, 2025
Target	Pattern
Sector	Insurance
Buyer(s)	PassportCard
Deal Type	Add-on Acquisition

Target Company

Pattern

Palo Alto, California, United States

Pattern is a one-stop shop for innovative parametric and traditional insurance products that empower businesses to offer a fully protected digital buying experience for their customers. Coverages developed by Pattern include utility outages, weather incidents, and much more. It is in the process of finalizing operation deployment as a US MGA. Pattern was formed in 2020 and is based in Palo Alto, California.

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Buyer Overview 1

Buyer

PassportCard

Hamburg, Germany

Category	Company
Sector	Insurance

DESCRIPTION

PassportCard is a global provider of real-time travel and health insurance solutions. The company enables members to pay directly at the point of care using its proprietary card-based infrastructure, eliminating paperwork and delays. PassportCard is based in Hamburg, Germany.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Insurance	1 of 1
Type: Add-on Acquisition	1 of 1
State: California	1 of 1
Country: United States	1 of 1
Year: 2025	1 of 1

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