Hiscox Agrees to Acquire US-Based Specialist Insurtech

Leading global specialist insurer Hiscox has announced the agreement to acquire a specialist insurtech business focused on addressing the evolving insurance needs of small businesses operating in sectors such as technology start-ups, life sciences and professional services. As part of the transaction, Hiscox is acquiring Corix Insurance Services, LLC and Vouch Insurance Company from Vouch, Inc. subject to customary conditions and regulatory approvals.

This acquisition accelerates Hiscox USA’s roadmap, to expand reach into new specialist customer segments. As a result of the transaction, Hiscox will gain new cutting-edge US broker technology to accelerate the ongoing digitization of Hiscox’s US broker platform.

Hiscox USA is a leading digital provider of small business specialty insurance and serves over 600,000 customers through multi-channel distribution. The business has grown organically for nearly 20 years to write over $900 million premiums in 2024.

Vouch, Inc. remains an independent insurance broker, now singularly focused on providing risk management services to ambitious companies across technology, life sciences, and professional services. As part of the transaction, Hiscox and Vouch, Inc. have agreed to a multi-year distribution deal.

Mary Boyd, CEO of Hiscox USA, commented: “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.”

Sam Hodges, CEO and Co-Founder at Vouch, Inc., added: “We’ve always believed in the power of combining technology with deep insurance expertise. Building Corix from the ground up proved that vision, and under Hiscox’s ownership, the team is now positioned to scale even further. For Vouch, this transaction allows us to sharpen our focus as a broker to help our clients manage risk with greater speed, clarity, and confidence.”

Fenchurch Advisory Partners acted as Hiscox’s sole financial advisor on the transaction and Herbert Smith Freehills Kramer served as legal advisor.

Deutsche Bank acted as Vouch, Inc.’s sole financial advisor on the transaction and international law firm McDermott Will & Schulte served as legal advisor.