Digital Insurance Inc. announced the completion of its acquisition by Fidelity National Financial (NYSE:FNF), which will allow Digital to accelerate and broaden its market position in the employee benefits arena. As the industry struggles to adapt to new health care reform legislation, Digital has proven to be a front-runner in advisory services and health care reform education for businesses, as well as individuals and families around the nation.
In the past two years, Digital has acquired 18 successful benefits agencies managed by veteran leaders looking to partner with a company with operational infrastructure and sophisticated technology for continued growth. FNF will support Digital’s key strategies in mergers and acquisitions, as well as its core outsource solution to the industry, to build a best-in-class benefits advisory solution to take advantage of the changing marketplace.
“We are pleased to become a part of a strong Fortune 500 company that has a proven track record for growing successful companies,” says Adam Bruckman, president and CEO of Digital Insurance. “FNF’s substantial resources will allow us to accelerate our growth plans and the development of our platform across the country.”
This is a significant milestone for Digital and a validation of its leadership position in the benefits space nationally. The company will operate as a wholly owned subsidiary of FNF under its current name and will remain focused on its core strategies.About Digital Insurance Digital Insurance ( www.digitalinsurance.com), the nation's largest employee benefits-only agency, delivers unmatched capabilities and a progressive approach to a marketplace demanding evolution. An unparalleled technology platform transforms the benefits experience, amplifies operational efficiencies and enriches communications to simplify the health care journey. The company's scale, leadership and resources create distinct opportunities for industry innovation. With an adaptive culture that embraces change, the wholly owned subsidiary of Fidelity National Financial is positioned for enduring success. About FNF Fidelity National Financial, Inc. (NYSE:FNF), is a leading provider of title insurance, mortgage services and restaurant and other diversified services. FNF is the nation's largest title insurance company through its title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title - that collectively issue more title insurance policies than any other title company in the United States. FNF also owns a 55% stake in American Blue Ribbon Holdings, a restaurant owner and operator of the O'Charley's, Ninety Nine Restaurant, Max & Erma's, Village Inn, Bakers Square and Stoney River Legendary Steaks concepts. In addition, FNF owns a majority stake in Remy International, Inc., a leading designer, manufacturer, remanufacturer, marketer and distributor of aftermarket and original equipment electrical components for automobiles, light trucks, heavy-duty trucks and other vehicles. FNF also owns a minority interest in Ceridian Corporation, a leading provider of global human capital management and payment solutions. More information about FNF can be found at www.fnf.com.
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