InsuranceNoodle Partners With XL
NU Online News Service, Jan. 10, 3:38 p.m. EST?InsuranceNoodle Inc., the Chicago-based Internet insurance wholesaler, has acquired XL Vianet from XL Specialty Insurance Co.
Terms of the deal were not disclosed.
The specialty underwriting business, designed to fill niche property-casualty product needs of small businesses, will be renamed Insure Vianet Inc.
Member companies of XL Capital will underwrite Vianet products that will be made available nationally, InsuranceNoodle said.
XL Specialty Insurance Company is a member of Bermuda-based XL Capital, Ltd.
InsuranceNoodle's Chief Executive Officer Don Urbanciz said in a statement that the acquisition would strengthen the wholesaler and meet more of the needs of its member agents' small-business clients.
InsuranceNoodle said that 3,200 independent agencies and brokers in 49 states use its system.
Additional information is available at www.insurancenoodle.com.
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