Insurity completed the acquisition of Virtual MGA

Insurity, a provider of cloud-based core system solutions and data analytics for the world’s largest insurers, brokers, and MGAs, completed the acquisition of Virtual MGA, which offers a cloud-based binding authority underwriting and distribution solution for the largest wholesale brokers, syndicates, and MGAs. Financial terms were not disclosed. “The Virtual MGA acquisition is an exceptional complement to our suite of cloud-based analytics and core system solutions, enabling us to further support the full range of our clients’ software and analytics needs and substantially grow our presence in the London wholesale broker and syndicate E&S marketplaces. We are excited to offer their existing clients, as well as new broker, syndicate, and MGA clients, the full breadth and depth of the Insurity portfolio,” Chris Lafond, Insurity CEO.