US financial services company The Hartford has bought UK - based start - up underwriter Y - Risk for an undisclosed sum from Allstar Financial Group . The managing general agent offers bespoke and usage - based insurance for the sharing economy sector , with a customer base across car - sharing and space - sharing platforms . Plans call for Y-Risk to keep its brand name and remain in Unionville, The firm will operate as a standalone entity post - acquisition and will become part of the Hartford 's Strategy & Ventures group ’s portfolio .
US financial services company The Hartford has bought UK - based start - up underwriter Y - Risk for an undisclosed sum from Allstar Financial Group . The managing general agent offers bespoke and usage - based insurance for the sharing economy sector , with a customer base across car - sharing and space - sharing platforms . The firm will operate as a standalone entity post - acquisition and will become part of the Hartford 's Strategy & Ventures group ’s portfolio .