Add-on Acquisition • Insurance

Zurich Acquires Boxx Insurance

On July 3, 2025, Zurich acquired insurance company Boxx Insurance

Acquisition Context
  • This is Zurich’s 6th transaction in the Insurance sector.
  • This is Zurich’s 1st transaction in Canada.
  • This is Zurich’s 1st transaction in Ontario.

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M&A Deal Summary

Date July 3, 2025
Target Boxx Insurance
Sector Insurance
Buyer(s) Zurich
Deal Type Add-on Acquisition
Advisor(s) Perella Weinberg Partners (Financial)
Osler (Legal)

Target Company

Boxx Insurance

Toronto, Ontario, Canada
Boxx Insurance is provider of insurance for businesses, individuals and families insure and defend against cyber threats. Boxx Insurance is based in Toronto, Ontario.
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Buyer Overview 1

Buyer

Zurich

Zurich, Switzerland

Category Company
Founded 1872
Sector Insurance
Employees60,000
Revenue 77.7B USD (2024)
DESCRIPTION
Entrance to Zurich Insurance's headquarters in Zurich, Switzerland.
Entrance to Zurich Insurance's headquarters in Zurich, Switzerland.

Zurich is a multi-line insurer that serves its customers in global and local markets. Zurich provides a wide range of general insurance and life insurance products and services. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries. Zurich was formed in 1872 and is based in Zurich, Switzerland.


Deal Context for Buyer #
Overall 11 of 11
Sector: Insurance 6 of 6
Type: Add-on Acquisition 8 of 8
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-14 SpearTip

St. Louis, Missouri, United States

SpearTip is a cyber counterintelligence firm that helps protect clients against cyber threats through proactive and response services. SpearTip was founded in 2005 and is based in St. Louis, Missouri.

Buy -