BharCap Partners Acquires Insurvia | PR Newswire [Video]

, /PRNewswire/ — BharCap Partners, LLC (“BharCap”), a Greenwich, CT based private investment firm focused on the financial services sector, announces the closing of the acquisition of Insurvia, Inc. (“Insurvia” or the “Company”), an insurance services holding company with subsidiaries focused on providing non-standard auto insurance and related products and services to an underserved population through franchise and company-owned models. Insurvia distributes insurance policies for over 50 insurance companies, with several 10+ year relationships, which results in customers receiving the most cost-effective options for appropriate coverage.

BharCap Partners Acquires Insurvia

“Danish Charanya and his team have built a leading insurance distribution platform focused on a vast and underserved auto insurance market with multiple proven levers for future growth” said BharCap Co-Founding Partner Ethan Wang. Mr. Wang continued, “This transaction fits one of BharCap’s key themes of investing in insurance distribution businesses given its recurring, fee-based business model driven by state-mandated insurance laws.”

“Insurvia provides an attractive value proposition to our consumers, insurance carriers and …