Trade Resources Company News FNF Has Acquired Digital Insurance

FNF Has Acquired Digital Insurance

US-based underwriter Fidelity National Financial (FNF) has acquired Digital Insurance, which provides health insurance distribution and benefits management for small and mid-sized businesses, for an undisclosed amount.

Commenting on the deal, Fidelity National Financial chief executive officer George Scanlon said that Digital Insurance operates in a fragmented market with significant organic growth and consolidation potential.

"Digital has a unique business model and provides FNF with a growth opportunity in an industry undergoing major change," Scanlon added.

Managing over 20,000 employer clients and 250 broker partnerships, Digital Insurance earns over $1bn in annual premiums. The company is expected to achieve nearly $50m in revenue in 2012 and about $70m in revenue in 2013.

Fidelity National is a provider of title insurance, mortgage services and restaurant and other diversified services.

Source: http://commerciallines.insurance-business-review.com/news/fidelity-national-financial-acquires-digital-insurance-020113
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Fidelity National Financial Acquires Insurance
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