Allstate

The Allstate Corporation is a major provider of property and casualty insurance in the United States and Canada, offering a wide range of products through various segments. Its Allstate Protection segment focuses on private passenger auto and homeowners insurance, along with specialty auto products and other personal and commercial lines. The Service Businesses segment provides consumer product protection plans, vehicle service contracts, roadside assistance, and analytic solutions. Additionally, Allstate offers life and health insurance products through its Allstate Life and Allstate Benefits segments. The company utilizes a diverse distribution network, including direct contact centers, agencies, brokers, and online platforms, to market its services. Founded in 1931 and headquartered in Northbrook, Illinois, Allstate also engages in venture capital investments through Allstate Strategic Ventures, targeting early and growth-stage companies across various sectors, including insurance technology and fintech. Overall, Allstate protects millions of customers through its extensive portfolio of insurance and financial services.

Tarik Galijasevic

Managing Director and Vice President

Francis Lowry

Principal, Europe

Josh Lumer

Principal

Robert Tardella

Director, Corporate Development

10 past transactions

Moderne

Series A in 2023
Developer of a code refactoring platform designed to make authoring custom source code transformations. The company's platform repairs security defects in code and infrastructure-as-code to improve visibility into the source code running on production infrastructure, as well as eliminates vulnerable patterns, helping clients to automatically fix, upgrade, and secure code.

Inrupt

Series A in 2021
Inrupt, Inc. operates an open-source platform aimed at decentralizing the web through a series of modular specifications. The core offering, Solid, empowers users and organizations to separate their data from the applications that utilize it, allowing for greater control over personal information. This platform facilitates the creation, management, and security of personal online data stores, enabling clients to use their data across multiple applications simultaneously. Inrupt serves a diverse audience, including developers, organizations, and individual users. Founded in 2017 and headquartered in Boston, Massachusetts, Inrupt is committed to transforming how personal data is handled online.

Prevailion

Funding Round in 2021
Prevailion, Inc. designs and develops cyber security compromise management platform that provides access to historical and active cyber compromises impacting various organizations around the world. The company serves the industries, such as financial, defense, government, healthcare, and critical infrastructure. Prevailion, Inc. was founded in 2017 and is based in Fulton, Maryland.

National General

Acquisition in 2020
National General Insurance is a specialty personal lines holding company that offers a diverse range of insurance products. Its portfolio includes personal and commercial automobile insurance, homeowners insurance, renters insurance, recreational vehicle insurance, motorcycle insurance, and supplemental health coverage. The company also provides niche insurance products tailored to specific market needs. National General emphasizes underwriting profitability by leveraging customized and predictive analytics, supported by a technology-driven low-cost infrastructure. This focus on efficiency and innovation enables the company to effectively cater to individuals, families, and businesses seeking comprehensive insurance solutions.

Amenity Analytics

Series B in 2019
Amenity Analytics, Inc. specializes in developing cloud-based text analytics solutions that utilize natural language processing and machine learning to convert unstructured data into structured formats. Its platform enables businesses to extract actionable insights from complex documents and narrative content, helping professionals navigate today's information overload. Key offerings include the Amenity Viewer, which analyzes call transcripts to identify outliers, as well as customized solutions tailored to specific data needs. The company's services cater to a diverse clientele, including banking, insurance, hedge funds, financial exchanges, media companies, and consultancies. Founded in 2013 and headquartered in New York, Amenity Analytics positions itself as a leader in transforming how organizations leverage data for decision-making.

InfoArmor

Acquisition in 2018
InfoArmor, Inc. specializes in data security software aimed at protecting businesses from identity theft and cyber threats. Based in Scottsdale, Arizona, the company offers solutions such as PrivacyArmor, which provides proactive employee identity protection through monitoring services that alert users to potential fraud. Additionally, InfoArmor's VigilanteATI platform delivers advanced threat intelligence, including network intelligence, dark web access, and breach alerts. The company serves over 800 clients, including more than 70 Fortune 500 companies, by leveraging a global research network and big data analysis to address dynamic security challenges. As a subsidiary of Allstate Non-Insurance Holdings, Inc., InfoArmor is committed to enhancing the data security posture of organizations in an increasingly complex cyber environment.

SquareTrade

Acquisition in 2016
SquareTrade, Inc. is a provider of warranties and insurance coverage plans for consumer electronics and appliances, operating in the United States and internationally. Established in 1999 and headquartered in San Francisco, California, with an additional office in London, the company offers protection plans for a wide range of devices, including smartphones, laptops, tablets, home entertainment electronics, and various household appliances. SquareTrade's coverage plans address issues such as drops, water damage, malfunctions, and accidental damages. The company caters to items purchased from any retailer, whether online or in physical stores, ensuring broad eligibility for its warranty services. SquareTrade operates as a subsidiary of Allstate Non-Insurance Holdings, Inc.
White Mountains Insurance Group, Ltd. is a financial services holding company based in Hamilton, Bermuda, with significant operations in the United States. The company provides a diverse range of insurance services through its subsidiaries, organized into four main segments. The HG Global/BAM segment specializes in insuring municipal bonds and offering reinsurance protection. The NSM segment functions as a general underwriting agency, providing specialty property and casualty insurance across various sectors, including transportation and real estate. The MediaAlpha segment operates a marketing technology platform that facilitates performance-based media transactions between advertisers and publishers. The Kudu segment focuses on providing capital solutions to asset managers and registered investment advisors, aiding in ownership transfers, acquisitions, and growth financing. Additionally, White Mountains offers insurance solutions for the travel industry and manages investment vehicles linked to insurance risks. Since its incorporation in 1980, the company has pursued opportunistic acquisitions and operates with a value-oriented approach in the insurance and financial services sectors.

Esurance

Acquisition in 2011
Esurance is a provider of property and casualty insurance services, specializing in personal auto insurance. The company offers a range of insurance products, including auto, home, motorcycle, and renters insurance, directly to consumers through its online platform and select agents, including its sister company, Answer Financial. Esurance focuses on enhancing the customer experience by leveraging technology and industry expertise, which allows for seamless shopping, purchasing, and management of insurance policies. The company is committed to providing hassle-free coverage, 24/7 customer service, and efficient claims handling, all at competitive prices.

American Heritage Life Investment Corporation

Acquisition in 1999
American Heritage Life Investment Corporation the third largest work-site marketer of life disability and health insurance in the country.
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