Ropes & Gray Reps Genstar In LexisNexis Division Buy

Law360, New York (November 9, 2011, 1:42 PM EST) -- San Francisco-based private equity firm Genstar Capital LLC has acquired LexisNexis Risk Solutions' insurance software division, the companies announced Wednesday.

The carve-out of Insurance Software Solutions will create a new company called Insurity Inc., owned by Genstar and run by Jeffrey Glazer, who founded the software unit in 1985 and oversaw it after LexisNexis acquired it in 2008, the company said.

“After careful review, we have decided that the insurance software business, which provides and creates policy administration software, would be better aligned with an organization...
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