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February 1, 2024
Porch Group announced it signed a strategic business collaboration agreement with Aon Corp. and Aon Re Inc. to provide a variety of services to Porch Group companies, resulting in payments to Porch of approximately $25 million upfront and an expected approximately $5 million over the following four years. Aon Re is a reinsurance broker and provides a wide variety of services for insurance and non-insurance companies. Seattle-based Porch Group, a vertical software and insurance platform for the home, provides software and services to approximately 30,700 home services companies such as home inspectors, mortgage companies and loan officers, title companies, moving companies, real estate agencies, utility companies, and warranty companies.