Israeli Firm WeSure GlobalTech Acquires US Insurance Companies for $2.65 Million

Israeli technology and finance group WeSure GlobalTech has signed a binding agreement to acquire the American insurance companies UBIC and its sister company URS for approximately $900,000. The acquisition, to be conducted through its subsidiary WeSure USA, will give the group control of 92% of the acquired companies' operations. UBIC and URS specialize in employee benefits insurance and provide management and claims services to businesses in the United States.

As of the end of 2025, the acquired companies held approximately $28.4 million in assets, with net earned premiums of about $22 million. In addition to the stock purchase, WeSure USA will pay $1.75 million for UBIC's capital notes. Following the deal's completion, WeSure plans to inject an estimated $10 million to bolster UBIC's capital and reserves, supporting growth and regulatory requirements.

The transaction is contingent upon regulatory approvals in Utah and is expected to be finalized by September 30, 2026. The current CEO and COO of UBIC have committed to remaining in their roles for three years post-completion. WeSure GlobalTech Chairman Emil Wainshal stated that integrating the group's digital payroll and underwriting systems with an active US insurance company offers significant potential to expand its service offerings for small and medium-sized businesses in the US.