Arch Insurance, part of Bermudian-based Arch Capital Group Ltd, has acquired Thimble, the insurtech platform for small-business customers and agents.

Thimble enables small businesses to quickly get insurance coverage by the job, month or year using its award-winning app, website or over the phone.

The acquisition expands Arch’s suite of digital solutions for small-business customers and brokers.

Since May 2018, Thimble has delivered more than 170,000 policies to small businesses across the United States, working with a variety of carriers including Markel and Employers.

The Thimble team will continue growing the business with its existing carrier partners and offer new solutions through Arch.

“At Arch, we’re always looking to expand our digital solutions and create new, easy ways to do business with us,” said Jay Rajendra, Arch’s chief strategy and innovation officer.

“Thimble makes insurance easy. The Thimble team has created a best-in-class digital experience for small-business customers and agents to acquire and manage insurance. We’re excited about growing the Thimble platform and applying many of its digital practices across Arch to better serve our partners.”

Jay Bregman, cofounder of Thimble, said: “We are delighted to join the Arch family. The entire Thimble team is looking forward to working with Arch and our existing carrier partners to grow the platform.

“I’m equally excited to see how our team’s digital experience can benefit Arch and its distribution partners.”