International law firm McDermott Will & Schulte represented Vouch Inc. (Vouch), in the sale of its specialist insurtech business to Hiscox Group, the Bermuda based and London Stock Exchange listed (LSE:HSX) global specialist insurer. In the transaction, Hiscox is set to acquire Corix Insurance Services, LLC, Vouch’s technology-enabled MGA and Vouch Insurance Company, an Illinois-domiciled stock insurance company. The transaction is subject to customary closing conditions and regulatory approvals.
Hiscox is accelerating its growth through this strategic acquisition that enhances its broker platform with cutting-edge technology. As part of the deal, Vouch will remain independent and will focus on risk management for tech-forward industries, while partnering with Hiscox in a multi-year distribution agreement.
The McDermott team was led by Michael Halsband with invaluable assistance from Chris Stacker and Katie Yonover, and included Mike Byrne, John Lutz, Andrew Granek, Wondha Cadet, Nickou Oskoui, Heidi Steele, Jeffrey Holdvogt, Scott Kenkel, Brian Mead, David Saunders, Sarah Bro, Brad Cohen, Alivia DuQuet, Yuxin Jin, Alexa Sakni, and Alexis Biegen.
Read Vouch’s press release here.
