Private equity firms BHMS and Abry Partners to acquire a majority stake in Innovisk, an investment vehicle and insurance innovator launched exclusively to invest in and grow entrepreneurial businesses with a particular focus on risk analysis, pricing and distribution, from Willis Tower Watson, a global advisory, broking and solutions company, for $28m. "Over the last four years, we have built a proprietary in-house technology platform and have nine underwriting businesses across the U.K. and U.S. with strong leadership in various stages of development. Innovisk has focussed on building a data capability and using it to work closely with carriers to develop profitable and sustainable premium. These businesses have seen solid growth and we are looking to accelerate and build on that success, with approximately $320 million of annual premium expected by year end," David Thomas, Innovisk CEO.