Zurich Insurance Group, a global multi-line insurer headquartered in Switzerland, has announced it will acquire BOXX Insurance Inc., a Toronto-based global cyber InsurTech known for its integrated cyber insurance and protection solutions.
BOXX currently operates across five continents and is recognised as a pioneer in bundling cyber insurance with cyber security services.
The acquisition is aimed at accelerating BOXX’s mission to deliver cyber protection on a global scale while enhancing Zurich’s digital engagement capabilities. Financial details of the transaction have not been disclosed. Following the deal, BOXX will continue to operate as a standalone entity under the Zurich Global Ventures division.
Founded in 2018, BOXX Insurance has developed an innovative suite of cyber products, including Cyberboxx® Business Edition for SMEs, Cyberboxx® Home Edition for households, and Cyberboxx® Assist—a cyber security support platform offering predictive, preventative and responsive solutions for individuals and businesses. These offerings have allowed the company to grow its customer base to nearly one million users globally.
Zurich, founded in 1872, is one of the world’s largest insurers, offering a broad range of property, casualty and life insurance products. Through its Global Ventures unit, the firm continues to invest in digitally-driven businesses to expand its footprint in consumer-centric protection solutions.
The acquisition follows a successful partnership between the two firms, dating back to 2021. It also builds on recent strategic moves by BOXX, including its expansion into the US market, new distribution partnerships, and the launch of Cyberboxx® Assist. Additionally, BOXX has been active in key markets including India, Europe, and Australia, where it has rolled out cyber security services and solutions.
Perella Weinberg Partners LP acted as financial advisor to BOXX during the acquisition, with legal counsel provided by Osler, Hoskin & Harcourt LLP.
Zurich Global Ventures CEO Cara Morton said, “We have had a very successful collaboration with BOXX since 2021, and I am thrilled to strengthen our partnership by welcoming BOXX to Zurich Global Ventures. BOXX’s digital-first, service-led approach will help us further enhance customer engagement and provide integrated solutions that make people’s everyday life easier.”
BOXX Insurance CEO and co-founder Vishal Kundi said, “Becoming part of Zurich provides us with the resources and global reach to accelerate our mission. Combining the strengths of both organisations, will enable us to provide even more customers with the protection they need to navigate the digital world with confidence.”
Vishal Kundi added, “Digital usage is so ingrained in our daily lives. Our team of BOXXers are constantly exploring new and creative ways to further our mission of building digital resilience for individuals and businesses by integrating innovative cyber coverages and solutions to ensure our customers are protected online.”
Copyright © 2025 RegTech Analyst
Copyright © 2018 RegTech Analyst
