Quotit Corporation (www.quotit.com) announced its acquisition today by National General Holdings Corp. (Nasdaq: NGHC), a specialty insurance company specializing in consumer insurance products including Health, Ancillary, and Medicare products. Quotit Corporation is a leading Internet application service provider for the health insurance and employee benefits industry. Quotit’s software enables insurance organizations to increase productivity and reduce costs by directly connecting insurance companies, brokers, e-agencies, and consumers with insurance rates and benefits online, in real time.
“We’re excited to join the National General family,” said Chad Hogan, Sr. Vice President of Quotit. “We have a longstanding history with several of NGHC’s companies and affiliates, and we believe this is a great opportunity to bring additional value to our customers.”
About Quotit
Quotit Corporation is a leading internet application service provider for the health insurance and employee benefits industry. Quotit's software enables insurance organizations to increase productivity and reduce costs by directly connecting insurance companies, brokers, e-agencies, and consumers with insurance rates and benefits online, in real time, with more than 300 insurance carriers representing approximately 40,000 plan designs in the health, life, dental and vision insurance markets. Quotit’s database of carriers and plans extends to 50 states, and the District of Columbia.
About National General Holdings Corp.
National General Holdings Corp., headquartered in New York City, is a specialty personal lines insurance holding company. National General traces its roots to 1939, has a financial strength rating of A- (excellent) from A.M. Best and provides personal and commercial automobile, homeowners, umbrella, recreational vehicle, motorcycle, supplemental health, and other niche insurance products.
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Contacts:
Chad Hogan, Sr. Vice President & Marketplace
Compliance Officer
714.564.5020
chad@quotit.com
