CVC Capital Partners Fund VIII has agreed to acquire RGI, an independent provider of software solutions to the European insurance industry, from Corsair, a private equity firm targeting services, software, and payments investments in the financial services market.
Terms of the transaction have not been disclosed.
RGI provides insurers with a comprehensive and modular offering that addresses the entire insurance value chain, covering processes such as policy administration, claims, analytics, market management, reporting and sales, and distribution.
CVC will support RGI’s management team in its future growth plans, which include further consolidating the fragmented insurance software industry and investing in the Company’s product offering and transition to a cloud-based platform.
