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Pie Insurance Approved to Acquire Western Select Insurance Company
Pie Insurance (“Pie”), an insurtech company specializing in workers’ comp insurance for small businesses, today announced that Pie Carrier Holdings has received regulatory approval from the Illinois Department of Insurance to acquire Western Select Insurance Company, a property-casualty the insurance company that is licensed in Illinois, California, and New York, from a subsidiary of Premia Holdings Ltd. The proposed acquisition represents an important step by Pie Carrier Holdings, a subsidiary of Pie, formed in May 2020, to execute Pie’s strategy of becoming a full-stack insurance carrier.
Upon the closing of the proposed acquisition, Western Select Insurance Company will be renamed Pie Casualty Insurance Company.
“Since Pie was founded in 2017, our goal has been to offer the entire small business insurance experience to our customers as a full-stack insurance carrier,” said John Swigart, co-founder and CEO of Pie. “Receiving regulatory approval to acquire Western Select Insurance Company is a key milestone on the path for Pie to write our own policies, and to bring our seamless commercial insurance experience to even more small businesses across the country.”
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India’s corporate landscape is undergoing rapid change, with directors and officers increasingly facing personal liability risks. Marsh India has released findings from its Directors & Officers (D&O) Liability Insurance Claims Trends Report 2025, which reveals sharp increases in claim notifications, escalating defence costs, and intensifying regulatory actions, underscoring the urgent need for stronger governance and comprehensive D&O coverage.
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The World Life Insurance Report 2026, conducted jointly by the Capgemini Research Institute and LIMRA, shows that even though 68% of adults under the age of 40 see life insurance as essential for a healthy financial future, current offerings do not align with their financial priorities, hindering adoption.
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