MetromileInc. in August completed its acquisition of Mosaic Insurance Co. forapproximately $22 million, Metromile spokeswoman Lauren Hartung confirmed withS&P Global Market Intelligence.
Hartung said the acquisition included the carrier andcertain licenses. She said no personnel were acquired because Mosaic Insurancehad stopped actively writing business a few years ago.
In May, S&P Global Market Intelligence that agreed tosell Mosaic Insurance to a third party.