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M&A Deal Summary

PassportCard Acquires Pattern

On May 7, 2025, PassportCard acquired insurance company Pattern

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2025-05-07
Target Pattern
Sector Insurance
Buyer(s) PassportCard
Deal Type Add-on Acquisition

Target

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(S) 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 STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
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