Genstar Completes Insurance Software Carveout

Genstar Capital has completed its purchase of the Insurance Software Solutions business of LexisNexis Risk Solutions. Genstar was legally advised by Ropes & Gray on the deal. The acquired business has been renamed Insurity and will be led by its founder Jeffrey Glazer, who has been appointed as its president and CEO. Insurity provides software and services to the property and casualty insurance industry.