The word from Acturis, as Astorg take a bigger stake in the company;
Acturis, a leading supplier of insurance software (“the Company”), and Astorg, a leading European private equity firm, are pleased to announce
that they have signed an agreement for Astorg to acquire a further stake in Acturis. Astorg will now own approximately 52% of the capital of Acturis.
Alongside Acturis management and colleagues, the co-founders, Theo Duchen and David McDonald, will remain significant shareholders with a sizable minority stake, and continue to partner closely with Astorg to support existing clients and drive the company’s international growth.
The Acturis Group was founded in 2000 with the ambition to become the leading SaaS provider for brokers, insurers, and Managing General Agents (MGAs) across the general insurance market. The Company employs 1,200 colleagues across seven countries, supporting over 100,000 individual users in more than 40 countries. The Company, which has won multiple industry awards for its products, has seen strong organic and inorganic growth in recent years, following expansion into Germany, France, Canada, Ireland, and the United States, in addition to the development of industry leading products and services to meet the growing demand for electronic trading of insurance policies.
The Company has six divisions comprising:
• Acturis Platform, a leading multi-tenant SaaS platform for the general insurance industry operating in the UK, Ireland, France, and Canada;
• Acturis Deutschland, the market-leading broker software platform (Assfinet) and comparison engine (NAFI) in the German broker market;
• ICE InsureTech, a cutting-edge platform for forward-thinking insurers, MGAs, and claims managers;
• NIS, the leading technology platform in the travel insurance, assistance, and benefits market;
• Add Value, a leading SME electronic insurance exchange for brokers in the French market;
• Broker Buddha, a recently acquired US based company which provides brokers with a cuttingedge digital client engagement platform for Commercial Insurance.
Acturis co-founders Theo Duchen and David McDonald, alongside the wider management team, remain fully committed to the long-term growth of the Company. In partnership with Astorg, they will support Acturis’ existing clients, organic growth, and acquisition strategy across the global insurance software market.
Theo Duchen, Co-CEO and Co-Founder of Acturis said:
“We are delighted to strengthen our partnership with Astorg and set the stage for our next phase of growth. Today, we support more businesses than any other insurance SaaS provider as the partner of choice for brokers, insurers, and MGAs. Looking ahead, we see compelling opportunities for organic and inorganic growth across our key international markets, and are confident that Astorg is the right partner for us as we continue on our mission to transform the insurance industry.”
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