Announced
Completed
Financials
Tags
life insurance company
Single Bidder
Acquisition
Private Equity
Completed
Private
Canada
Minority
Friendly
Cross Border
Life Insurance
Synopsis
Gallatin Point Capital, a private investment firm, completed a $100m investment in Insurance Supermarket International, a digital life insurance companies in Canada. "Our main objective when we started this process with RBC was to find the right partner. Gallatin Point's knowledge of the sector and the alignment of our vision for the future of the insurance industry allows us to touch and improve more lives and to help the life insurance industry transition to the digital age. We are working hard to ensure that the number of underinsured families is decreasing and our partnership with Gallatin Point allows us to quickly and seamlessly make a meaningful difference in the industry," Alex Dudarev, ISI Founder and CEO.
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