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home / news releases / HRTG - Heritage Insurance enters InsurTech partnership with Slide

HRTG - Heritage Insurance enters InsurTech partnership with Slide

Heritage Insurance Holdings Inc.
Heritage Insurance (NYSE:HRTG) enters into a strategic partnership with Slide, a startup InsurTech P&C carrier. It is led by Bruce Lucas, Heritage's former Chairman and CEO, providing it with enhanced technological capabilities and allowing it to participate in the InsurTech sector's upside.  Company will receive ~6% equity stake in Slide, an InsurTech P&C carrier with an estimated $250M post-money valuation, and warrants allowing it to purchase an additional equity interest at Slide's pre-money valuation. Perpetual, royalty free license to certain aspects of Slide's software. Ernie Garateix, CEO, said, "We're excited to partner with Slide and our former colleague on this win-win opportunity. We believe this partnership will significantly accelerate development of our InsurTech capabilities, while providing us with an equity stake in an impressive startup that is developing cutting edge technology."

For further details see:

Heritage Insurance enters InsurTech partnership with Slide
Stock Information
Company Name: Heritage Insurance Holdings Inc.
Stock Symbol: HRTG
Market: NYSE
Website: investors.heritagepci.com
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