FT Partners Advises Thimble on its Sale to Arch Insurance

FT Partners is pleased to announce our role as exclusive financial and strategic advisor to?Thimble on its sale to Arch Insurance . Founded in 2016, Thimble is an innovative, digitally-native InsurTech that enables small businesses to easily purchase and manage a variety of flexible, small commercial insurance products via a mobile app or browser. Since May 2018, Thimble has delivered more than 170,000 policies to small businesses across the U.S.??

Please see our?detailed profile ?for additional information on this transaction.?

This transaction builds on FT Partners' deep domain expertise and unparalleled track record in generating highly positive outcomes for companies across the InsurTech landscape. The InsurTech sector remains a key focus area for FT Partners as we see clear opportunities for further digitization across the value chain, as well as the emergence of new entrants taking more of an insurance-first approach ("InsurTech 2.0"), leveraging learnings from the first generation of InsurTech innovators.

Selected FT Partners-advised InsurTech transactions include:

• Assurance's $3.5 billion Sale to Prudential
• Open Lending's $1.7 billion Merger with Nebula Acquisition Corporation
• SquareTrade's $1.4 billion Sale to Allstate
• AmWINS' $1.3 billion Recap with New Mountain Capital
• Next Insurance's $250 million Series C Financing from Munich Re
• Clearcover's $200 million Series D Financing
• Newfront's $200 million Financing at a $2.2 billion Valuation ?
• Accelerant's $193 million Financing
• The Zebra's $150 million Series D Financing ?
• Sure's $100 million Series C Financing
• Ladder's $100 million Series D Financing
• FRISS' $65 million Series B Financing
• TrueMotion's Sale to Cambridge Mobile Telematics
• Bold Penguin's Sale to American Family Insurance ?
• CoverWallet's Sale to Aon