TRAVELERS TO ACQUIRE DIGITAL AGENCY INSURAMATCH FROM PLYMOUTH ROCK

US property/casualty insurer Travelers Cos has agreed to acquire national digital insurance agency InsuraMatch from the Plymouth Rock Group of Companies. Terms of the deal were not disclosed. Launched in 2014 as an autonomous unit within Plymouth Rock, the InsuraMatch platform allows consumers to compare motor, home, boat, motorcycle, renters, umbrella and flood cover and rates from more than 40 carriers across the US, Travelers being one of them. In 2019, it produced nearly $32m in premium. The agreement with Plymouth Rock comes three years after Travelers bought Simply Business, a UK online seller of small-business insurance, from Aquiline Capital Partners for $490m.