We are advising Verisk on the transaction

Davis Polk is advising Verisk on its $162.5 million acquisition of SuranceBay, which will become a part of Verisk’s Life Solutions business segment. 

Verisk is a strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, sustainability and political issues. Verisk’s Life Solutions platform is composed of software components designed to modernize, streamline and scale operations for the life and annuity industry.

SuranceBay develops and services innovative software that simplifies and automates the process of buying and selling insurance. Its solutions provide an integrated experience for insurance companies, general agencies, insurance agents and consumers. Its flagship solution, SureLC, is a multi-carrier contracting automation solution that is fully synchronized with multiple data sources, providing producers and agencies with the ability to seamlessly perform functions related to licensing, contracting and appointing producers.

The Davis Polk corporate team includes partner Marc O. Williams and associates Katherine Anne Cody and Taylor Roberson. Partner Kara L. Mungovan and associate Shmuel Dov Sussman are providing tax advice. Partner Matthew J. Bacal and associate Francesca Masella are providing intellectual property advice. Partner Jennifer S. Conway and counsel Charlotte R. Fabiani are providing executive compensation advice. Partner Nathaniel L. Asker is providing antitrust and competition advice. All members of the Davis Polk team are based in the New York office. 

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