Announced
Financials
Sources
Tags
United States
insurance company
Friendly
Single Bidder
Full Line Insurance
Pending
Domestic
Acquisition
Private
Majority
Synopsis
Insurify, a virtual insurance agent, agreed to acquire Compare.com, a company in the US online auto insurance comparison market, Admiral, an auto insurance company. Financial terms were not disclosed. “Acquiring Compare.com, a long-established and respected digital insurance distribution brand, will further Insurify’s mission to empower every insurance-shopper with the expert advice and resources to compare, buy and manage insurance. Bringing the companies and their technology together allows us to build on our complementary auto insurance capabilities. The addition of Compare.com strengthens Insurify’s market position as we continue to build the preeminent and most trusted digital insurance agent,” Snejina Zacharia, Insurify Founder and CEO.
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