Envest buys Evari's cover portfolio, licenses platform

Insurtech Evari’s underwriting portfolio has been bought by Envest, which will also license Evari’s tech platform as part of the deal.

Evari, founded in 2016 by former local Zurich CEO Daniel Fogarty, consultant Robert Jeffery and tech entrepreneur Brack Norris, creates flexible insurance that is easy to buy and manage.

Mr Fogarty says the underwriting portfolio is now in “good hands” and he was excited by the opportunities the acquisition presented. Evari now expects further expansion locally as well as in the US, Europe and elsewhere.