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Metromile buys Mosaic Insurance for $22M

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.