Matic Secures Minority Investment From Primus Capital and Acquires Policygenius’ Property and Casualty Insurance Book

▤ Summary

Matic secured a minority investment from Primus Capital and used the capital to support further growth. The company also acquired Policygenius’ property and casualty insurance portfolio, which includes nearly 30,000 policies across home, auto, and other personal lines. Matic plans to integrate these policies into its embedded insurance platform and expand its carrier marketplace relationships. The deal strengthens Matic’s position in embedded insurance and signals continued acquisition activity ahead. This move also creates a larger operational base for servicing and distributing insurance products through partner channels.

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