Source: PR Newswire
BOXX Insurance Inc., a global cyber Insurtech, announced it has entered into an agreement to be acquired by Zurich Insurance Group, a leading global multi-line insurer.
“Becoming part of Zurich provides us with the resources and global reach to accelerate our mission,” said Vishal Kundi, BOXX Insurance CEO and Co-Founder. “Combining the strengths of both organizations, will enable us to provide even more customers with the protection they need to navigate the digital world with confidence.”
Cara Morton, CEO Zurich Global Ventures, said: “We have had a very successful collaboration with BOXX since 2021, and I am thrilled to strengthen our partnership by welcoming BOXX to Zurich Global Ventures. BOXX’s digital-first, service-led approach will help us further enhance customer engagement and provide integrated solutions that make people’s everyday life easier.”
“Digital usage is so ingrained in our daily lives,” added Vishal Kundi. “Our team of BOXXers are constantly exploring new and creative ways to further our mission of building digital resilience for individuals and businesses by integrating innovative cyber coverages and solutions to ensure our customers are protected online,” he continued.
This acquisition builds upon the recent investments, strategic hires and distribution partnerships with notable brands that BOXX has made, including the launch of Cyberboxx® Assist, a significant expansion into the US market and the establishment of cyber solutions and services in markets across India, Europe and Australia.
Read the full article: https://www.prnewswire.com/news-releases/leading-global-insurtech-boxx-insurance-to-be-acquired-by-zurich-302497604.html
