Willis Group Holdings
) recently inked a divestment deal with Insureon, the leading
online insurance delivery platform for small-business owners. Per
the agreement, Willis Group will divest Insurance Noodle to
Insureon for an undisclosed amount. The divestiture is expected
to culminate later this month.
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Insurance Noodle is an online wholesale insurance broker and is a
subsidiary of Willis Group.
The transaction will enhance the core competence of both Insureon
as well as Insurance Noodle, besides enabling them to serve their
clients in a more efficient manner. At the same time, the deal
also underscores the potential contribution that the U.S. economy
as well as the commercial insurance space stands to gain from the
nation's 40 million-plus small and micro businesses.
Insureon, armed with superior online strategies, forms a unique
combination with Insurance Noodle, which boasts of a
geographically wide network of brokers/agents. Together, they can
cater to the requirements of small and micro businesses across
the country, combining the fruits of advanced technology and
With regard to benefits derived from the transaction by the
parties involved, Insureon's agents and brokers will have greater
exposure to a portfolio of "A" rated insurance carriers. Its
annual premium is also expected to exceed the $100 million-mark
post the acquisition.
On the other hand, Insurance Noodle's agents and brokers will
have the opportunity to deploy Insureon's underwriting expertise
in various key industries. Insureon possesses proprietary
technology platform and products providing services to more than
550 industry segments. Insurance Noodle will hence be in a
position to leverage these to better serve their clients in the
small and micro business sector.
Willis Group presently carries a Zacks Rank #4 (Sell). Some
better-ranked stocks in the same sector include
Arthur J Gallagher & Co
Marsh & McLennan Companies, Inc
). All these stocks hold a Zacks Rank #2 (Buy).