Charles Taylor completed the acquisition of the remaining stake in Otak.

Charles Taylor, an insurance services proviider, completed the acquisition of the remaining stake in Otak, a developer of cloud based insurance technology platform. Financial terms were not disclosed. With this acquisition, Charles Taylor moves to full ownership of Otak and its product Tide, from owning a controlling majority stake previously. “Technology-enabled solutions lie at the heart of Charles Taylor’s business. We are always looking at ways we can help our clients solve complex problems through innovative solutions, and our acquisition of the remaining stake in Otak, and full ownership of Tide enables us to offer greater responsiveness and flexibility to clients in this space," Arjun Ramdas, Charles Taylor InsureTech CEO.