ProWriters, a Cyber Insurance Wholesaler, Is For Sale: Report

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Insurance wholesaler ProWriters, a digital distributor which has made a push in cyber insurance, is exploring a potential sale of its business, reports Insurance Insider US. Insurance M&A specialist Dowling Hales is advising ProWriters, according to the article.

The image shows a logo with the text "PW" in bold letters, where "P" is in dark blue and "W" is in a lighter blue. Below it, the word "ProWriters" is written, with "Pro" in dark blue and "Writers" in the same lighter blue as the "W" above.

ProWriters offers several categories of cyber insurance, including E&O, CGL & D&O. It generates revenue of app. $4 million according to the Grata business database, but revenue of private companies is difficult to estimate and other sources indicate ProWriters’ topline may reach $19 million

As the cyber insurance industry grows in size and complexity, we expect more and larger M&A this year.

Other News: Global Cyber Insurance Market Set to Reach USD 75.61 Billion by 2032(Opens in a new browser tab).

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