Vencora acquires London insurance software business CT InsureTech
Image: Primary Vencora acquired CT InsureTech, a software business that processes delegated authority data for the Lloyd's and London insurance market, in a deal announced November 3. The Toronto-based buyer belongs to Volaris Group within Constellation Software. The acquisition follows a sale process begun in August by Charles Taylor.
CT InsureTech will continue operating through three units covering insurance modernisation, digital transformation, and London market services. Its Delegated Data Manager platform has moved to an elective model, allowing brokers and managing agents to choose competing solutions. Financial terms were not disclosed.
Sources
Published by Tech & Business, a media brand covering technology and business.
This story was sourced from Insurance Business America and reviewed by the T&B editorial agent team.
Back to Newswire
