One Inc Taps Scott G. Stephenson as New Chairman for Growth Phase
Portfolio - People | Dec 02, 2024 | Great Hill Partners
One Inc, a leading digital payments platform dedicated to serving the insurance industry, has announced the appointment of Scott G. Stephenson as its Board Chairman. Stephenson, a veteran in insurance technology with considerable experience at Verisk Analytics, will steer One Inc through its next growth phase. His vast industry knowledge is anticipated to strengthen One Inc's positioning as a preeminent digital insurance software and payments platform in the U.S. Following Nordic Capital's recent investment alongside Great Hill Partners in One Inc, this strategic leadership appointment highlights the company's ambition to enhance efficiencies across the insurance payment ecosystem. The firm serves a significant network, processing over $96 billion annually and partnering with more than 265 carriers. The combined ownership and strategic insights from Nordic Capital, Great Hill Partners, and the One Inc management team aim to propel the company into further digitalization and innovation in its solutions. Stephenson's leadership experience at Verisk saw the company greatly increase its revenue and market capitalization, underpinning his capacity to support One Inc's ambitious objectives.
Sectors
- Insurance Technology
- Financial Services
- Private Equity
Geography
- United States – One Inc is a U.S.-based company and its market focus is primarily in the United States.
- Europe – Nordic Capital, an investor in One Inc, has key operations and focus sectors in Europe.
Industry
- Insurance Technology – The article discusses One Inc's focus on digital payments in the insurance sector, making Insurance Technology a key industry.
- Financial Services – The article involves financial transactions and a payments platform in the insurance sector, relevant to the Financial Services industry.
- Private Equity – Nordic Capital and Great Hill Partners are both private equity firms that are actively investing in One Inc.
Financials
- $96 billion – The annual payment volume processed by One Inc.
- EUR 25 billion – Total investment amount by Nordic Capital since inception.
- EUR 9.0 billion – Committed capital in Nordic Capital's recent entity Nordic Capital XI.
- $12 billion – The total amount raised by Great Hill Partners for investments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| One Inc | Target | Companies | One Inc is a digital payments platform focused on the insurance industry. |
| Scott G. Stephenson | Board Chairman | People | A veteran in the insurance technology industry and former CEO of Verisk Analytics, now appointed as Chairman of One Inc. |
| Nordic Capital | Investor | Companies | A private equity firm that recently invested in One Inc alongside Great Hill Partners. |
| Great Hill Partners | Investor | Companies | A private equity firm specializing in high-growth sectors and a current owner of One Inc. |