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Assurant Growth Investing

Formalized in 2015, Assurant Growth Investing (“AGI”) is the corporate venture capital initiative of Assurant, a global leader in technology-enabled risk management solutions. AGI is focused on making equity investments in venture and growth stage technology companies that may be complementary or disruptive to Assurant’s core businesses. We are uniquely positioned to be value-added partners to our portfolio companies in a variety of ways:


  • Expertise in specialized markets
  • Distribution partner with access to large customers and channels
  • Customer for relevant solutions
  • Business partner to jointly pursue attractive new market opportunities
  • Collaboration partner for pilots and experimentation

Investment Criteria

  • Company: Strong management teams with differentiated approaches to high-potential markets
  • Stage: Series A through Growth Stage, with a preference for later stages
  • Size: Investment size up to $15 M, typically $1 M to $7 M per round
  • Ownership: Between 2% and 20%
  • Strategic Value: We invest in businesses where we believe we can add strategic value and realize strategic value from mutually beneficial partnerships
  • Investment Partners: We prefer to participate in syndicates alongside established investment firms with whom financial incentives and key deal terms are aligned and shared

Selected Investments

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precisionlender logosmall business insurance start upsimplesurance_logo - 2
hassle free insuranceTrue Accord logoVacasa_Logo_HR

AGI has invested alongside a number of leading investment firms, including Caffeinated Capital, Century Equity Partners, Felicis Ventures, Georgian Partners, IA Capital, Khosla Ventures, Level Equity, Lightspeed Venture Partners, Menlo Ventures, Nyca Partners, Route 66 Ventures, Sequoia Capital and others.

Areas of Interest

Assurant is a global provider of risk management solutions through its Global Housing, Global Lifestyle and Global Preneed businesses in 17 countries across North America, Latin America, Europe and Asia. AGI is focused on the following major value chains:

  • Mortgage/Housing: Assurant provides a number of home protection products including lender placed insurance (“LPI”) and related non-insurance services (field and property preservation services, appraisals, title, BPOs/default management) to mortgage lending clients
  • Multifamily Housing: Assurant provides renters insurance and related non-insurance services (collections, security deposits) to PMCs and other distribution partners
  • Mobile Device: Assurant provides mobile device protection and device lifecycle management services (repair & logistics, leasing/financing) to carrier clients
  • Extended Service Contracts: Assurant provides extended service contracts/warranties for a variety of products (appliances, consumer electronics, jewelry) to OEMs, retailers and e-tailors
  • Vehicle Protection Services: Assurant provides vehicle warranties and services to OEMs and dealer networks
  • Other Major Value Chains: Assurant also provides manufactured housing and flood insurance, credit insurance, pre-funded funeral insurance and annuity products

Other Areas of Interest

  • InsurTech and specialized insurance solutions serving niche markets
  • FinTech / financial services technology
  • Connected living
  • Premium in-home technical support
  • Small business insurance and cyber protection
  • Shipping/e-commerce insurance
  • Shared economy (vehicle and home sharing)
  • Assistance and concierge services 

Team

  • Bob Lonergan -blue bckgrnd- AGI Picture

    Bob Lonergan

    EVP, Chief Strategy Officer

    Bob Lonergan joined Assurant in 2012 and is currently the Chief Strategy Officer of Assurant, Inc. and a member of the Company’s Management Committee. Prior to his appointment as chief strategy officer, Bob served as SVP of Growth and Innovation and founded the Growth Investing team. Prior to that role, Bob was a VP and established the M&A sourcing team. Before joining Assurant, Bob worked at Bain & Company, Inc. where he helped start and grow the company’s private equity practice in Atlanta. Bob began his career at Credit Suisse First Boston working as an M&A analyst. Bob holds an MBA from the Wharton School at the University of Pennsylvania and a BA in Economics from Davidson College.

  • Eduardo Arthur_09v2_SF

    Eduardo Arthur

    SVP, Growth Strategy

    Eduardo Arthur joined Assurant in 2007 and is currently SVP of Growth Strategy and Innovation for Assurant overseeing Growth Investing and Initiatives for the enterprise. Eduardo has had multiple Growth and Business Development leadership roles at Assurant including President of Assurant Puerto Rico and SVP Strategic Business Development for Connected Living. Prior to joining Assurant, Eduardo was the CFO of one of the largest insurance groups in Puerto Rico. Eduardo originally began his career in Reinsurance with Gen Re in New York City. Eduardo earned his MBA from The College of Insurance and his BBA in Accounting from the University of Puerto Rico. Eduardo also holds CPA, CPCU and ARe designations.

  • Assurant Growth Investing direction

    Jeff Flynn

    Director, Assurant Growth Investing

    Jeff Flynn joined Assurant in 2015 to focus on building Assurant’s corporate venture capital capabilities as a founding member of the AGI Team. Prior to joining Assurant, Jeff led internal strategy consulting projects within the rapidly growing online/e-commerce businesses of The Home Depot.  Earlier in his career, he was an investment professional with H.I.G. Growth Partners (H.I.G. Capital), focused on growth equity investments in technology-enabled businesses.  He began his career in investment banking with CIBC World Markets and Oppenheimer & Co. in New York City. Jeff earned his MBA from the Darden School of Business at the University of Virginia, where he was a Darden Foundation Scholar, and his BA in Philosophy from Columbia University.

     

  • Assurant Growth Investing angel investors

    Rohan Verma

    Director, Assurant Growth Investing

    Rohan Verma joined Assurant in 2012 and is currently a Director of AGI. Previously, he was a founding member of Assurant’s M&A Sourcing team. Prior to joining Assurant, Rohan was a consultant at Bain & Company where he focused on providing due diligence support and M&A advisory to private equity funds and corporate clients. Rohan earned his MBA with honors from the Wharton School at the University of Pennsylvania. He received his BS in Electrical Engineering with highest honors from the Georgia Institute of Technology.

  • Assurant Growth Investing

    Tyler Crown

    Senior Analyst, Assurant Growth Investing

    Tyler Crown joined the AGI team in 2017 and focuses on the sourcing and diligence of new investment opportunities as well as portfolio management of AGI’s current investments. Prior to joining Assurant, Tyler was a consultant at Deloitte Consulting LLP where he managed growth opportunities for Deloitte’s venture / innovation arm and served financial services clients across the M&A lifecycle. Tyler earned his BS in Finance and Business Analytics from the McIntire School of Commerce at the University of Virginia as an Echols Scholar.

Contact Us

For more information on Assurant Growth Investing, please contact us using the following information.
Assurant Growth Investing
Attn: Tyler Crown
260 Interstate North Circle SE<
Atlanta, GA 30339
AGI@assurant.com

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