United Services Automobile Association’s Acquisition of Noblr

McDermott Will & Emery represented United Services Automobile Association in the transaction.

United Services Automobile Association (USAA), a leading provider of insurance, investing, and banking solutions to members of the US military, veterans, and their families, executed its acquisition of Noblr, Inc. (Noblr), subject to regulatory approval.

Noblr is a California-based insurtech firm offering smart car insurance using a phone application to reward its members’ good driving habits based on factors such as miles driven, time of driving and quality of driving.

The acquisition is expected to expand USAA’s offerings by adding a usage-based insurance option to USAA members. Usage-based insurance products combine usage and behavioral factors to create a pay-as-you-go personalized pricing. This acquisition should result in cost-savings benefits for USAA’s military service members who are highly mobile and frequently deployed.

The McDermott team was led by Wilson Chu (Picture) and Michael Halsband and included Diego Gómez-Cornejo, Thaddeus Chase, Marisa Young and Matthew Chen. Additional support included Shawn Helms, Nickou Oskoui, Brian Long, Tiantian Chen, Niraj Patel, Alex Ruiz, Erin Turley, Teal Trujillo, Michelle Strowhiro, Marjorie Soto, Timothy (Ty) Carson and Graham Hyman.

Involved fees earner: Timothy Carson – McDermott Will & Emery; Thaddeus Chase – McDermott Will & Emery; Matthew Chen – McDermott Will & Emery; Tiantian Chen – McDermott Will & Emery; Wilson Chu – McDermott Will & Emery; Kristin Going – McDermott Will & Emery; Diego Gómez-Cornejo – McDermott Will & Emery; Michael Halsband – McDermott Will & Emery; Shawn Helms – McDermott Will & Emery; Graham Hyman – McDermott Will & Emery; Brian Long – McDermott Will & Emery; Nickou Oskoui – McDermott Will & Emery; Niraj Patel – McDermott Will & Emery; Alejandro Ruiz – McDermott Will & Emery; Marjorie Soto – McDermott Will & Emery; Michelle Strowhiro – McDermott Will & Emery; Teal Trujillo – McDermott Will & Emery; Erin Turley – McDermott Will & Emery;

Law Firms: McDermott Will & Emery;

Clients: United Services Automobile Association (USAA);

Author: Martina Bellini