TA Associates Acquires Insurity Stake from Genstar
November 05, 2014
TA Associates has acquired a significant stake in Insurity, a provider of core insurance processing and data solutions, from Genstar Capital. Insurity, formerly the Insurance Software Solutions business of LexisNexis, was acquired by Genstar in 2011 and rebranded as an independent company; since the investment, the company has had double-digit revenue growth and more than tripled profitability. Several representatives of TA Associates, including managing director Harry D. Taylor, will join Insurity's Board of Directors.