KKR to acquire a majority stake in ISC from Sightway Capital and Two Sigma.

KKR agreed to acquire a majority stake in Integrated Specialty Coverages, a multi-line insurance distributor, from private equity firms Sightway Capital and Two Sigma. Financial terms were not disclosed. “The insurance model is expanding and evolving. Speed, flexibility and technology are rapidly becoming ‘must-have’ capabilities. ISC combines those attributes with the tried-and-true traditional areas of focus such as personal relationships, solid underwriting and loyal dedication to our partners. Our team is glad to be a contributor to the ongoing technology evolution in the insurance industry and is proud of the success our platform and our industry partners have experienced,” Matt Grossberg, ISC Founder.