Prestige Trucking Insurance, a retail brokerage and parent company of CSMV Underwriters, has continued its expansion with the acquisition of Mulligan, an artificial intelligence-based insurance automation platform.
The platform will now be offered under the name Insure Stack, led by Prestige Trucking’s Christina Torres as CEO, Daniel Hausman as chief operating officer, and David Zhang as chief technical officer.
Mulligan was developed by Y Combinator and Pyq Inc. Pyq founder Aman Raghuvanshi will serve in an advisory role, and members of Pyq’s team will now join the Insure Stack team, the companies said.
It’s the latest business expansion move for Tamarac, Florida-based Prestige, which was named Insurance Journal’s Best Agency to Work For in the Southeast in 2024. Prestige launched CSMV late last year as a broker and program manager.
Prestige was an early adopter of the Mulligan technology, finding that it transformed workflows by automating quoting, policy comparison, proposal generation and commission reconciliation. So, leadership decided to bring the tech in-house and distribute it to other brokers, the company said.
Topics
Mergers & Acquisitions
InsurTech
Data Driven
Artificial Intelligence
Florida
Trucking
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