Insurance Supermarket International closes US$100 million equity investment from Gallatin Point Capital

Torys acted as Canadian counsel to GPC with a team that included Guy Berman, Emma Sako and Danielle Marjoram (corporate/M&A), William Walters (due diligence), Kelly Morris (insurance), Richard Johnson and Benjamin Mann (tax).

On July 18, 2022, Insurance Supermarket International Inc. ("ISI") announced the closing of a US$100 million minority investment from funds managed by Gallatin Point Capital LLC ("GPC").

GPC will appoint its Co-Founder and Managing Partner, Matt Botein, to ISI's Board of Directors.

The transaction is ISI's first institutional equity round since launching its digital distribution and administration platform in 2015. The proceeds will be used to accelerate ISI's profitable growth in life insurance across North America and to scale its technology-driven platform services and distribution channels.

Further information can be found on Canada Newswire’s website.

ISI is a leading North American digital life insurance distribution platform that uses proprietary technology to provide a full spectrum of personal protection and investment products to customers in the U.S. and Canada.

GPC is a private investment firm that specializes in making opportunistic investments in financial institutions, services, and assets.