Hartford, Conn.-based Tennant Capital Partners announced it has made an investment in Insuritas Inc., a firm that provides insurance agency outsourcing for financial institutions.
Jeffrey Chesky, Insuritas president and chief executive officer, said full financial details were not being released but Tennant is now a shareholder. He would not divulge their percentage but said they do not hold a majority interest.
The announcement of the transaction explained that Insuritas, based in East Granby, Conn., allows banks, credit unions and other organizations to own a complete insurance agency aisle in their store without the significant capital investment required to build or buy an agency or the inherent operational risks of integrating an acquisition.
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