Add-on Acquisition • Information Technology

Velocity Risk Acquires Insight Risk Technologies

On September 28, 2023, Velocity Risk acquired information technology company Insight Risk Technologies

Acquisition Context

This is Velocity Risk’s 1st transaction in the Information Technology sector.
This is Velocity Risk’s 1st transaction in the United States.
This is Velocity Risk’s 1st transaction in Connecticut.

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M&A Deal Summary
Date	September 28, 2023
Target	Insight Risk Technologies
Sector	Information Technology
Buyer(s)	Velocity Risk
Deal Type	Add-on Acquisition

Target Company

Insight Risk Technologies

Southport, Connecticut, United States

Insight Risk Technologies is a technology-focused Builder's Risk MGA, offers integrated technology and insurance solutions for the Builder's Risk market, operating on both an admitted and non-admitted basis. Insight Risk Technologies is based in Southport, Connecticut.

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Buyer Overview 1

Buyer

Velocity Risk

Nashville, Tennessee, United States

Category	Company
Founded	2015
Sector	Insurance

DESCRIPTION

Velocity Risk provides insurance coverage to clients in catastrophe-exposed areas of the United States. Velocity Risk was founded in 2015 and is based in Nashville, Tennessee.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Information Technology	1 of 1
Type: Add-on Acquisition	1 of 1
State: Connecticut	1 of 1
Country: United States	1 of 1
Year: 2023	1 of 1

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