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