Haven Life buys insurtech Quilt

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Haven Life, a subsidiary of MassMutual, has acquired Quilt, an insurtech that opened in 2015 and had been digitally offering renters and term life insurance.

The companies are exiting Quilt’s involvement in those lines and plan to use the Quilt platform to sell annuities products which MassMutal will underwrite starting in 2019.  The underwriters for Quilt’s existing customers, Security First and Stillwater Insurance Group, will service customers directly.

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Written by:  Chris Lalor

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