Broker InsuranceNoodle buys Conn.-based XL Vianet. (Companies).Online insurance broker InsuranceNoodle said it had acquired XL Vianet, a division of XL Specialty Insurance Co. InsuranceNoodle said the acquisition would "greatly expand its capabilities and online product availability for its network of insurance agency and carrier partners." The privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. declined to disclose the financial terms of the transaction. Based in Bloomfield Bloomfield. 1 Town (1990 pop. 19,483), Hartford co., N Conn., a suburb of Hartford, in a tobacco and dairy region; settled c.1642, inc. 1835. Helicopter parts are made there. 2 City (1990 pop. 45,061), Essex co., NE N.J. , Conn., XL Vianet develops online technologies for the quoting, delivery and service of small-business property/casualty products. The company will be renamed InsureVianet Inc., keep its Connecticut Connecticut, state, United States Connecticut (kənĕt`ĭkət), southernmost of the New England states of the NE United States. It is bordered by Massachusetts (N), Rhode Island (E), Long Island Sound (S), and New York (W). location and likely add employees, said Don Urbanciz, InsuranceNoodle's chief executive officer. InsuranceNoodle is a Chicago-based insurance wholesaler, offering comparative quotes and online purchasing of products from insurers. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company, more than 3,200 independent agencies and brokers in 49 states use its services. The company doesn't does·n't Contraction of does not. disclose its financial statistics, Urbanciz said. |
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