Two insurance technology firms– BIPT, Inc. and Focus Technologies, LLC– have announced plans to merge.
Under the terms of the transaction, BIPT will be acquired by Focus Technologies and the managing principals of BIPT will become partners in Focus Technologies.
Focus Technologies will continue to be led by President Kevin M. Tromer. Joining him on the executive team will be H. John Kummer, former president of BIPT; Joseph Cooper, former chief technology officer of BIPT; and John Soutar and Andy Nechyba, both current executives of Focus Technologies.
Source: ,
Was this article valuable?
Here are more articles you may enjoy.
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success 
Insurer Interest in AI Exclusions Growing as Risk Becomes Omnipresent 
Iran Renews Attacks on Gulf States After Another Night of US Strikes 
Berry Producer Driscoll’s Sued Over Alleged Greenwashing, Use of Forever Chemicals 
