Pie Insurance to Acquire Regional Insurer as it Evolves Into Full-Stack Carrier

Pie Insurance to Acquire Regional Insurer as it Evolves Into Full-Stack Carrier
Pie Insurance will acquire a regional insurer as it moves forward with a bid of becoming a full-stack insurance carrier.

Once the deal closes, Western Select will be renamed Pie Casualty Insurance Company. Neither side disclosed financial terms.

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“Since Pie was founded in 2017, our goal has been to offer the entire small business insurance experience to our customers as a full stack insurance carrier,” said John Swigart, co-founder and CEO of Pie. “Receiving regulatory approval to acquire Western Select Insurance Company is a key milestone on the path for Pie to write our own policies, and to bring our seamless commercial insurance experience to even more small businesses across the country.”

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Pie has raised more than $300 million in venture funding and commitments for future funding since its launch, including an $118 million round in March 2021.

Source: PR Newswire

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