Marsh Makes Play For Small Commercial Market with Dovetail

Created by Administrator 10 Aug 2015 @ 17:30
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Marsh will be making strategic acquisition of an insurance technology services company with a focus on boosting its business in the U.S. small commercial market.

The global insurance broker and risk manager said it has inked a deal to acquire Dovetail Insurance for an undisclosed price. The deal is expected to close in the 3rd quarter of 2015.

Dovetail is a South Carolina-based outfit with an advanced, cloud-based technology platform. It’s structured so independent insurance agents, working for their small business clients, can obtain online quotes from multiple insurance providers and bind insurance policies – all in real time.

Sources say the Dovetail acquisition fits with Marsh’s global strategy to provide expanded services to the small and medium-sized enterprise segment (SME).

Once the deal closes, Dovetail’s entire team – including CEO Steve Francis – will join Marsh to help advance its SME strategy.

Source: Marsh

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