EXCLUSIVE: Roadzen Targets $200 Million Gross Written Premium After Acquiring Majority Stake In US MGU
Roadzen, Inc. (NASDAQ:RDZN) on Wednesday disclosed that it inked a deal to acquire a majority controlling stake of a licensed commercial auto insurance broker and managing general underwriter (MGU). The financial terms of the deal were not disclosed. The acquiree company is based in California and operates across several U.S. states. Notably, the MGU holds licenses in California, Texas, Illinois, and New Jersey, as well as Lloyd's of London Coverholder status. Also Read: Roadzen Announced Public Offering ...