Overview
Continuing to demonstrate its deep reach in the InsurTech sector, international law firm McDermott Will & Emery wraps up guidance in closing two more groundbreaking InsurTech related transactions, representing:
- Israeli-based weSure Global Tech Ltd. (Global Tech)’s sub-subsidiaries weSure Digital Insurance Services Inc. and weSure USA Holdings, Ltd., in its investments from Technology Insurance Company Inc., a subsidiary of multinational insurance holding company, AmTrust Financial Services, Inc. This investment and collaboration will advance Global Tech’s expansion of weSure’s digital operations as a managing general agency into the US market. The transaction closed on August 23, 2022. The McDermott deal team was led by Michael Halsband and included Aroma Sharma, Michael Byrne and Leigh Solomon. McDermott’s involvement with Israeli-based weSure dates back to early 2020 and is part of the firm’s strong commitment to and involvement with the Israeli InsurTech community. Read weSure’s press release in English here and in Hebrew here.
- Tarmika, Inc., a leading commercial lines rating and quoting solution for small business insurance, in its acquisition by Applied Systems, a global provider of cloud-based software that powers the business of insurance. The transaction closed on August 12, 2022. The McDermott deal team was led by Michael Halsband and included Christopher Stacker, Smith Alpert, Leigh Solomon, Michelle Strowhiro, Abigail Kagan, Melis Solaksubasi, Jed Gordon, David Saunders, Erin Turley, Nick Paul, John Lutz, Andrew Granek and Nathan Barnett. Read Applied Systems’ press release here.
About McDermott
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
