$RDZN Roadzen Signs Definitive Agreement to Acquir
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Posted On: 10/29/2025 8:43:21 AM
$RDZN Roadzen Signs Definitive Agreement to Acquire Majority Control of a Commercial Auto Insurance Broker, Expanding Its U.S. Footprint
https://www.globenewswire.com/news-release/20...print.html
NEW YORK, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), a global leader in AI at the intersection of insurance and mobility, today announced that it has signed a definitive agreement to acquire majority control of a commercial auto insurance broker and managing general underwriter (MGU) operating across several U.S. states. The acquisition is scheduled to close within this quarter, subject to customary closing conditions.
The MGU is licensed to operate as an insurance broker across California, Texas, Illinois, and New Jersey, and serves small and mid-sized fleets through an expanding national network of agencies and producers. It also maintains Lloyd’s of London Coverholder status, enabling it to underwrite specialty transportation and commercial vehicle risks on behalf of Lloyd’s syndicates.
The U.S. commercial auto insurance market, estimated at $75–80 billion in annual premiums, is one of the fastest-growing segments in global non-life insurance. With rising claims and liability costs, regulatory complexity, and the growing adoption of telematics and AI, the market is primed for transformation. This acquisition provides Roadzen with a fully licensed, revenue-generating MGU platform to accelerate its U.S. expansion and deliver data-driven, AI-powered insurance solutions for commercial fleets.
“This acquisition is a strategic leap forward in Roadzen’s U.S. strategy,” commented Rohan Malhotra, Founder and CEO of Roadzen. “It strengthens our distribution, adds several new carrier relationships, and brings deep commercial-auto underwriting expertise and exceptional leadership talent. We are deeply impressed by this team — they are exceptional leaders who have built a high-performing business in record time, and we are proud to welcome them into the Roadzen organization.”
After issuing its first policy earlier this year, the business has grown to reach a $15 million annualized premium run rate as of September 2025. Following the closing, it is expected to be integrated with DrivebuddyAI and National Auto Club, combining telematics, roadside assistance, claims, and insurance distribution — creating a uniquely positioned platform in the U.S. commercial auto sector. Together, these operations are expected to drive growth to reach approximately $150 million in Gross Written Premiums (GWP) within three years while maintaining 25%+ net income margins.
The business operates on a commission-and fee-based model without underwriting risk, earning 15–25% of premiums as revenues per policy sold, plus additional fee income and profit share, while maintaining global underwriting capabilities through delegated authority with Lloyd’s of London and other leading insurance carriers.
Key Highlights and Synergies
$15 million annualized premium run rate achieved within seven months of launch
Adds six new insurance carrier relationships in the U.S. to Roadzen’s global platform
Expanding network of 300+ agents and producers representing over $100 million in potential annual premiums
Adds 90+ new commercial fleets as clients across the U.S.
Proven leadership team in sales, operations, and underwriting
Projected to scale to $150 million in GWP within three years through Roadzen synergies
Positions the U.S. as Roadzen’s second-largest market
“We are delighted to work with this leadership team and believe the acquisition will create tremendous strategic synergy with our technology and existing operations in the U.S. — a solid foundation on which to lead the transformation of the $75+ billion commercial auto insurance market,” added Malhotra. “We are reshaping how insurance is underwritten, how claims are settled, and how safety is improved on the road — powered by our AI. With the growth we’re seeing in India, a major global OEM partnership in Europe, and now this expansion in the U.S., we’re building on a series of wins that together mark the next phase of Roadzen’s journey — creating the world’s leading company at the intersection of AI, insurance, and mobility.”
Once all closing conditions are met and the transaction is completed, Roadzen will disclose the name of the acquired business.
https://www.globenewswire.com/news-release/20...print.html
NEW YORK, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), a global leader in AI at the intersection of insurance and mobility, today announced that it has signed a definitive agreement to acquire majority control of a commercial auto insurance broker and managing general underwriter (MGU) operating across several U.S. states. The acquisition is scheduled to close within this quarter, subject to customary closing conditions.
The MGU is licensed to operate as an insurance broker across California, Texas, Illinois, and New Jersey, and serves small and mid-sized fleets through an expanding national network of agencies and producers. It also maintains Lloyd’s of London Coverholder status, enabling it to underwrite specialty transportation and commercial vehicle risks on behalf of Lloyd’s syndicates.
The U.S. commercial auto insurance market, estimated at $75–80 billion in annual premiums, is one of the fastest-growing segments in global non-life insurance. With rising claims and liability costs, regulatory complexity, and the growing adoption of telematics and AI, the market is primed for transformation. This acquisition provides Roadzen with a fully licensed, revenue-generating MGU platform to accelerate its U.S. expansion and deliver data-driven, AI-powered insurance solutions for commercial fleets.
“This acquisition is a strategic leap forward in Roadzen’s U.S. strategy,” commented Rohan Malhotra, Founder and CEO of Roadzen. “It strengthens our distribution, adds several new carrier relationships, and brings deep commercial-auto underwriting expertise and exceptional leadership talent. We are deeply impressed by this team — they are exceptional leaders who have built a high-performing business in record time, and we are proud to welcome them into the Roadzen organization.”
After issuing its first policy earlier this year, the business has grown to reach a $15 million annualized premium run rate as of September 2025. Following the closing, it is expected to be integrated with DrivebuddyAI and National Auto Club, combining telematics, roadside assistance, claims, and insurance distribution — creating a uniquely positioned platform in the U.S. commercial auto sector. Together, these operations are expected to drive growth to reach approximately $150 million in Gross Written Premiums (GWP) within three years while maintaining 25%+ net income margins.
The business operates on a commission-and fee-based model without underwriting risk, earning 15–25% of premiums as revenues per policy sold, plus additional fee income and profit share, while maintaining global underwriting capabilities through delegated authority with Lloyd’s of London and other leading insurance carriers.
Key Highlights and Synergies
$15 million annualized premium run rate achieved within seven months of launch
Adds six new insurance carrier relationships in the U.S. to Roadzen’s global platform
Expanding network of 300+ agents and producers representing over $100 million in potential annual premiums
Adds 90+ new commercial fleets as clients across the U.S.
Proven leadership team in sales, operations, and underwriting
Projected to scale to $150 million in GWP within three years through Roadzen synergies
Positions the U.S. as Roadzen’s second-largest market
“We are delighted to work with this leadership team and believe the acquisition will create tremendous strategic synergy with our technology and existing operations in the U.S. — a solid foundation on which to lead the transformation of the $75+ billion commercial auto insurance market,” added Malhotra. “We are reshaping how insurance is underwritten, how claims are settled, and how safety is improved on the road — powered by our AI. With the growth we’re seeing in India, a major global OEM partnership in Europe, and now this expansion in the U.S., we’re building on a series of wins that together mark the next phase of Roadzen’s journey — creating the world’s leading company at the intersection of AI, insurance, and mobility.”
Once all closing conditions are met and the transaction is completed, Roadzen will disclose the name of the acquired business.
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