InsuranceNoodle Partners With XL

|

NU Online News Service, Jan. 10, 3:38 p.m.EST?InsuranceNoodle Inc., the Chicago-based Internetinsurance wholesaler, has acquired XL Vianet from XL SpecialtyInsurance Co.

|

Terms of the deal were not disclosed.

|

The specialty underwriting business, designed to fill nicheproperty-casualty product needs of small businesses, will berenamed Insure Vianet Inc.

|

Member companies of XL Capital will underwrite Vianet productsthat will be made available nationally, InsuranceNoodle said.

|

XL Specialty Insurance Company is a member of Bermuda-based XLCapital, Ltd.

|

InsuranceNoodle's Chief Executive Officer Don Urbanciz said in astatement that the acquisition would strengthen the wholesaler andmeet more of the needs of its member agents' small-businessclients.

|

InsuranceNoodle said that 3,200 independent agencies and brokersin 49 states use its system.

|

Additional information is available at www.insurancenoodle.com.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.