Hiscox to acquire Corix Insurance and Vouch Insurance Company from Vouch.

Hiscox, an international insurance group, agreed to acquire Corix Insurance, a provider of Web3, cyber, errors and omissions, and fiduciary liability coverage for small and mid-market businesses, primarily in the healthcare sector, and Vouch Insurance Company from Vouch, an insurtech company providing property and casualty insurance products, including cyber liability and directors and officers coverage, tailored for startups. Financial terms are not disclosed. “Welcoming the brilliant Corix team and their valued customers to Hiscox USA is an exciting moment in our journey. Corix shares many of the qualities at the heart of our own business: transforming insurance through practical innovation, empowering courageous entrepreneurs to fulfill their dreams, and building meaningful partnerships with brokers. This acquisition perfectly fits within our strategy, expanding our solutions and distribution, as we capitalize on the structural opportunity to protect America’s entrepreneurs and serve as the preferred partner of their advisors," Mary Boyd, Hiscox USA CEO.