WTW to Sell Direct-to-Consumer Sales Unit Tranzact for $632 Million

Share!

Insurance Journal - Oct 01, 2024

Global insurance broker WTW has agreed to sell its direct-to-consumer insurance distribution business, Tranzact, to the private equity firm GTCR and Recognize, a technology services investment platform, for $632.4 million. “With the sale of Tranzact, we are exiting this direct-to-consumer &#82...

Read Full Article

Recommended Articles

AM Best Downgrades State Farm Mutual Auto

Posted: Nov 19, 2025

AM Best has downgraded the financial strength ratings of State Farm Mutual Automobile Insurance Comp...

Former Florida Broker and Texas Man Convicted in ACA Scheme That Paid $180M

Posted: Nov 19, 2025

A federal jury in south Florida this week convicted a formerly licensed insurance broker and the hea...

HP Seeking $1.8 Billion From Mike Lynch’s Estate After UK Autonomy Lawsuit

Posted: Nov 19, 2025

Hewlett Packard Enterprise is seeking nearly $1.8 billion from the estate of the late Mike Lynch ove...