Image: Thimble allows small businesses in the US to avail insurance coverage quickly. Credit: arodje from Pixabay.

Arch Insurance, a commercial property casualty insurer, has acquired Thimble, an insurtech platform for small businesses and agents, for undisclosed amount.

Thimble allows small businesses in the US to avail insurance coverage quickly by the job, month or year leveraging its app, website, or over the phone.

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This deal expands Arch’s digital solutions portfolio for small business customers and agents. 

Since 2018, Thimble has delivered over 170,000 insurance policies to small businesses across the country.

The company works with insurance carriers, including Markel, and Employers.

Following this deal, Thimble team will continue to boost its business with its current carrier partners and provide innovative solutions through Arch Insurance.

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Arch Insurance chief strategy and innovation officer Jay Rajendra said: “At Arch, we’re always looking to expand our digital solutions and create new, easy ways to do business with us. Thimble makes insurance easy. 

“The Thimble team has created a best-in-class digital experience for small business customers and agents to acquire and manage insurance. We’re excited about growing the Thimble platform and applying many of its digital practices across Arch to better serve our partners.”

Arch Insurance North America is a part of Arch Capital Group that includes Arch’s insurance operations in the US and Canada.

Thimble co-founder Jay Bregman added: “We are delighted to join the Arch family. The entire Thimble team is looking forward to working with Arch and our existing carrier partners to grow the platform. I’m equally excited to see how our team’s digital experience can benefit Arch and its distribution partners.”