Inszone | October 20, 2022
Inszone Insurance Services: a rapidly growing, national provider of benefits, personal and commercial lines insurance, announced today the acquisition of Proctor Insurance, providing the fifth acquisition in the state of Texas.
Founded by Jeff Proctor in 1988, Proctor Insurance has been a pillar in the Houston area. Jeff started in his community founding two grocery stores in the Houston area, but when those were sold to a local chain, he begun looking for a change of pace which would allow him to provide for his wife and three small children and lead him away from the 7-day work week. After consulting with a friend in the insurance industry, Jeff decided to open his agency and built it from the ground up. He built a reputation of success among small hotels and motels, who appreciated the honesty and dedication of him and his team. Getting ready to retire, Jeff knew he wanted to find a company to provide opportunity for advancement and further education to his employees while also providing great resources to his clients.
Proctor Insurance customers will continue to receive the service they are accustomed to, under the Inszone Insurance brand.
“Jeff of Proctor Insurance told us his team was his true success story, and he was 100% right, we couldn’t be happier to provide them with the resources to continue their great work under the Inszone brand, We are excited to see our service footprint grow in the state of Texas and look forward to many years of success with the team from Proctor Insurance.”
-Norm Hudson, CEO of Inszone Insurance Services
Inszone Insurance is expected to announce a number of important acquisitions in the upcoming months as it continues to build its national presence.
Founded in 2002 and headquartered in Sacramento, California, Inszone is a full-service insurance brokerage firm which provides a broad array of property & casualty insurance, along with employee benefits solutions. With a strong, experienced management team, Inszone continues to grow organically, as well as through acquisitions. With 31 locations across California, Arizona, Nevada, Utah, Colorado, Missouri, Texas and Illinois, the company is looking to further expand throughout the United States.
Inszone Insurance | November 24, 2022
Inszone Insurance Services: a rapidly growing, national provider of benefits, personal and commercial lines insurance, announced today the acquisition of Capizzi Insurance.
Capizzi Insurance was founded in 1971 by Vincent Capizzi. With one location Capizzi Insurance primarily operated as a standard-preferred personal lines and small-mid commercial lines property and casualty agency. Throughout their history they have focused on helping their clients in finding the best program that fits their specific needs.
The Capizzi Insurance team will transition over to Inszone’s Lakewood location and continue serving customers under the Inszone Insurance brand. Customers will experience a seamless transition and continue to receive the same standards of service they have come to expect.
“We’re excited to welcome Capizzi Insurance into the Inszone Insurance family, We continue to grow within specific areas in California, we are happy to be able to add additional avenues of support and additional service offerings as we expand in the state."
-Chris Walters, CEO of Inszone Insurance
About Inszone: Founded in 2002 and headquartered in Sacramento, California, Inszone is a full-service insurance brokerage firm which provides a broad array of property & casualty insurance, along with employee benefits solutions. With a strong, experienced management team, Inszone continues to grow organically, as well as through acquisitions. With 32 locations across California, Arizona, Nevada, Utah, Colorado, Missouri, Texas and Illinois, the company is looking to further expand throughout the United States.
Capsule and Vouch | November 11, 2022
Capsule, a specialist insurance provider to high-growth companies in the UK, today announced a partnership with Vouch, a San Francisco-based insurance platform that provides business insurance for high-growth technology startups in the US. With this partnership, the two companies will work together to ensure that they can support their clients' needs internationally. The partnership comes just a year after Capsule's launch and will help startups and tech innovators across all the main markets protect themselves as they grow.
As part of the partnership, Capsule will also assist Vouch's US venture and incubator partners with their UK portfolio companies, and Vouch has made an investment in Capsule. The additional funding will be used by Capsule to advance its technology and recruitment. Since Capsule launched in September 2021, the company acts for some of the country's top startups and scale-ups including Onfido, Codat, Otta, Hofy and Castore, and has in recent months partnered with SeedLegals, Crowdcube and a number of leading VCs. Prior to launching Capsule, co-founders Thomas Wynne and Liam Green successfully scaled and sold UK insurance group Kingsbridge in a nine-figure exit to US-based NSM in March 2020.
Vouch, founded by CEO Sam Hodges (formerly CEO of Funding Circle US) and CRO Travis Hedge (formerly of Silicon Valley Bank), is a new kind of insurance platform for startups that offers fully digital, tailored coverage that takes minutes to activate. With over $160 million raised to date from the likes of Y Combinator, Ribbit Capital, Silicon Valley Bank and Index Ventures, as well as a recent valuation of over $550 million, Vouch has cemented its status as a 'soonicorn' with its sights firmly set on the next stage of business growth.
"Vouch is committed to protecting founders and company builders where they are today and where they'll be tomorrow. Our partnership with Capsule represents an important first step in our plan to provide holistic international risk management solutions, so our clients can protect their global operations with the same ease and confidence they experience with us today. We're excited to start this journey with the Capsule team."
-Sam Hodges, CEO of Vouch
Thomas Wynne, Co-Founder and CEO of Capsule, added: The hyper-growth startups we support have global aspirations. Yet even the most sophisticated teams face a steep learning curve when scaling their risk management programs internationally. Our partnership with Vouch enables us to solve insurance holistically across markets and unlock further growth.
Capsule is a specialist insurance provider that helps startups and scale-ups in sectors such as Web3, Fintech, Enterprise (SaaS) and Consumer Tech navigate the risks of rapid expansion by ensuring they have the proper protection in place. Specialising in cover for businesses from seed stage through to IPO, Capsule offers policies including Directors' and Officers', Key Person, Professional Indemnity and Cyber Liability insurance, as well as many others. Their advice is geared for growth ('Capsule' is an anagram of 'scale-up') and backed by state-of-the-art technology that tracks clients across more than 300 data points. As a certified B Corporation, Capsule is also committed to using business as a force for good. Their team is equally passionate about helping similarly mission-driven and impactful organisations get these factors recognised and rewarded by the insurance sector.
Vouch is a US-based provider of business insurance to thousands of high-growth companies. Since its inception in 2018, the company has empowered its clients to get risk management right through niche expertise, a proprietary approach to pricing and underwriting, fast, digital-first procurement and coverages that scale as the company grows.