Integrated Specialty Coverages (ISC), a General Agent backed by investment manager Two Sigma, has announced plans to acquire Access Partners Insurance Services, a multi-line wholesale broker.
ISC is a technology-focused General Agency that builds end-to-end insurance products using artificial intelligence (AI) and data analytics.
It is backed by affiliates of Sightway Capital, a Two Sigma company focused on middle market growth equity investing in financial services and real assets.
Access Partners is headquartered in Sacramento, California and offers a range of classes for insurance lines, with a focus on workers’ compensation.
“The addition of Access Partners adds important new carriers to ISC’s platform and broadens our workers’ compensation class eligibility,” said Matt Grossberg, founder of ISC.
“We look forward to partnering with the Access Partners team and leveraging their broad expertise to expand ISC’s footprint in other growing business lines across the United States,” he added.
Access Partners is ISC’s fourth acquisition since its founding in 2016, following the acquisitions of Paramount General Agency and Paramount Acceptance Corporation in April 2019 and Safebuilt Insurance Services (SIS) in July 2019.