Cork pet insurance operator is acquired by Swedish firm

Capstone Financial Services had gross written premium of €3.8m last year

There are about 455,000 dogs and 325,000 cats in Ireland with a market penetration for insurance of approximately 10%. This can be compared with Sweden where 90% of the dogs and 50% of the cats are insured. Picture: iStock

Cork headquartered Capstone Financial Services has been acquired by Swedish firm Agria for an undisclosed amount.

Founded in 2008, Capstone operates the Petinsure.ie brand which offers insurance for dogs and cats in Ireland and the Netherlands. The company had gross written premium of €3.8m last year. In the Netherlands, Capstone operates with the brand Zoopo, offering pet insurance and a pet management tool.