Managing General Agent Acquires Safebuilt Insurance Services
- July 16, 2019
Integrated Specialty Coverages Acquires Safebuilt Insurance Services and its affiliates in Partnership with Sightway Capital
HARRISON, NY -- Integrated Specialty Coverages (ISC), a Managing General Agent (MGA) that builds end-to-end insurance products, has acquired Safebuilt Insurance Services and all of its affiliates (SIS). ISC is sponsored by an investment vehicle managed by Two Sigma's Sightway Capital.
ISC is scaling to build a world class MGA utilizing a combination of strong insurance industry relationships and operational expertise as well as a focus on diversified growth and technological innovation. The Company is focusing on employing artificial intelligence and machine learning across the underwriting spectrum to drive low loss business for its carrier and reinsurance partners. Along with acquisitions and organic growth initiatives, ISC is taking a systematic approach to applying proprietary models and best practices across new business lines, under the strategic guidance of Sightway Capital.
ISC was founded and is led by Chief Executive Officer, Matt Grossberg, an industry veteran with a long history of acquiring and growing insurance distribution businesses. The ISC management team has over 80 years of combined insurance experience and brings to bear significant underwriting expertise, long-standing industry relationships, and a targeted distribution platform. ISC was formerly known as Insurance Strategies Consulting and earlier this year rebranded as Integrated Specialty Coverages.
"We are excited by the recent acquisition of SIS as this further positions ISC for diversification and growth within the sizeable contractors' market," said Mr. Grossberg. "We look forward to partnering with the leadership team at SIS to build a world class MGA with a diverse suite of offerings that will produce low loss ratio portfolios for all of our carrier and reinsurance partners."