![]() “We see enormous potential in their core offering and, combined with our demonstrated expertise in technology and insurance services, our entities are a perfect complement to enable rapid scale into new markets.” “Team Focus Insurance Group’s technology is robust, functionally superior, and backed by a team with several decades of proven experience,” said Deb Franklin, managing director of PEAK6 InsurTech. ![]() This acquisition, which will follow PEAK6’s 2018 acquisition of National Flood Services, will expand PEAK6’s insurance services offerings in the P&C space, including by providing a channel to distribute new private flood insurance products. Its other activities include customized business solutions and technology offerings for agents and carriers in the P&C space, and an insurance carrier that issues P&C policies regionally. Team Focus is most widely known for its Managing General Agency (MGA) MacNeill Group. The transaction, which is subject to regulatory and other customary closing conditions, is expected to close in the fourth quarter of 2021.Acquisition allows PEAK6 to broaden national property & casualty insurance capabilitiesĬhicago, IL (GLOBE NEWSWIRE) - PEAK6 today announced that its insurance operations subsidiary, PEAK6 InsurTech, will acquire Team Focus Insurance Group, a Sunrise, Fla.-based insurance provider whose businesses and brands are dedicated to serving the property and casualty (P&C) insurance industry. The combined business will look to leverage its collective capabilities and industry expertise to drive rapid scale, both organically and through M&A. PEAK6 Insurtech will leverage Team Focus Insurance Group’s customized service offerings and policy management system, PolicyPort, a cloud-based platform that drives profits for insurance carriers and MGAs via self-service digital portals, proactive risk management tools, smart underwriting, and speed-to-market capabilities for the marketplace and investor community. The transaction, which follows PEAK6’s 2018 acquisition of National Flood Services, expands PEAK6’s insurance portfolio in the property & casualty space and provides a new channel to distribute private flood insurance products. The transaction enables Team Focus to begin its next chapter of growth with access to both capital and insurance industry thought leaders. Team Focus has built a differentiated platform that blends the capabilities of each business to develop customized solutions across the insurance value chain. Team Focus services the entire insurance ecosystem through its distinct businesses and brands: MacNeill Group (distribution / program management), Focus Technologies (cloud-based policy management and administration technology), Focus Insurance Services (bespoke underwriting and administrative services), and Capacity Insurance Company (admitted carrier). PEAK6 is a financial technology business and investment firm, which acquired National Flood Services, a technology-first flood insurance provider, in 2018. ![]() Team Focus Insurance Group (“Team Focus”), a Sunrise, FL-based insurance provider dedicated to serving the P&C insurance industry, has announced that it will be acquired by the insurance operations subsidiary of PEAK6 Investments (“PEAK6 InsurTech”). JTEAM FOCUS INSURANCE GROUP TO BE ACQUIRED BY PEAK6 INSURANCE OPERATIONS The combined business will look to leverage its collective capabilities and industry expertise to drive rapid scale, both organically and through M&A. ![]()
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