Arch Insurance announced it has acquired Thimble, which is a leading insurtech platform for small business customers and agents. Thimble is a company that enables small businesses to quickly get insurance coverage by job, month, or year using its app, website, or over the phone.
This acquisition expands Arch’s suite of digital solutions for small business customers and brokers. And since May 2018, Thimble has delivered over 170,000 policies to small businesses across the United States. Plus Thimble works with a variety of carriers including Markel and Employers. And the Thimble team will continue growing business with its existing carrier partners and offer new solutions through Arch.
Arch Insurance North America (part of Arch Capital Group Ltd) includes Arch’s insurance operations in the United States and Canada. And business in the U.S. is written by Arch Insurance Company, Arch Specialty Insurance Company, Arch Property Casualty Insurance Company, and Arch Indemnity Insurance Company. The business in Canada is written by Arch Insurance Canada Ltd.
KEY QUOTES:
“At Arch, we’re always looking to expand our digital solutions and create new, easy ways to do business with us. Thimble makes insurance easy. The Thimble team has created a best-in-class digital experience for small business customers and agents to acquire and manage insurance. We’re excited about growing the Thimble platform and applying many of its digital practices across Arch to better serve our partners.”
– Jay Rajendra, Arch’s Chief Strategy and Innovation Officer
“We are delighted to join the Arch family. The entire Thimble team is looking forward to working with Arch and our existing carrier partners to grow the platform. I’m equally excited to see how our team’s digital experience can benefit Arch and its distribution partners.”
– Jay Bregman, Co-Founder of Thimble
