Two Sigma-backed Integrated Specialty Coverages acquired Safebuilt Insurance Services.

Two Sigma-backed Integrated Specialty Coverages, a Managing General Agent that builds end-to-end insurance products, acquired Safebuilt Insurance Services, an insurance company in Carlsbad, California. Financial terms were not disclosed. "We are excited by the recent acquisition of SIS as this further positions ISC for diversification and growth within the sizeable contractors' market," said ISC Chief Executive Officer, Matt Grossberg. "We look forward to partnering with the leadership team at SIS to build a world class MGA with a diverse suite of offerings that will produce low loss ratio portfolios for all of our carrier and reinsurance partners."