Barron’s: This Insurance-Tech Pioneer Opted For A Sale Instead Of An IPO. Here’s Why.

One of the original insurance-technology companies has been sold. Brown & Brown has scooped up CoverHound, and its wholly owned unit CyberPolicy.

Financial terms weren’t announced. CoverHound, based in San Francisco, provides an online marketplace where consumers and small businesses can shop, get quotes and buy insurance. Management will remain, according to Keith Moore, chief executive of CoverHound and CyberPolicy.

View full article in Barron’s.

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