Pestalozzi advised insurtech unicorn bolttech on its acquisition of i-surance AG
The acquisition of i-surance represents the next stage of bolttech’s international growth strategy and acceleration of its European build-out. bolttech is now present in 15 countries in Europe, and 26 markets globally following the acquisition. bolttech recently raised US$180 million, valuing the business in excess of US$1 billion. Launched in 2020 by its founding shareholder Pacific Century Group (PCG), its insurance exchange is the largest in the world with US$5 billion premium on the platform, providing a gateway to more than 5,000 products and 150 insurance providers. Supported by a team of 1,400 employees, bolttech currently serves more than 7.7 million customers. i-surance partners with leading brands across its markets, including telecommunications providers, retailers, and manufacturers, to offer market-leading protection products. The transaction will bring together i-surance’s differentiated product set and geographic footprint with bolttech’s rapidly growing European partnerships, digital native protection and insurance capabilities.
Pestalozzi advised bolttech on all legal aspects of the transaction.