# BAMBOO IDE8 INSURANCE SERVICES > You're more than covered here\. ## At a glance | Field | Value | | --- | --- | | Type | MGA | | Region | NA | | Headquarters | Midvale, UT, USA | | Founded | 2018 | | Stage | Enterprise | | Employees | 201-500 | ## Overview Bamboo Ide8 Insurance Services is a data-driven managing general agent (MGA) specializing in residential property insurance in markets challenged by climate risk, particularly California and Texas. Founded in 2018 by John Chu, Bamboo operates a capital-light, tech-enabled distribution platform that manages all aspects of the placement process -- product development, marketing, underwriting, policy issuance, and claims oversight -- on behalf of its fronting and reinsurance partners. The company underwrites using 200+ risk attributes versus the roughly 50 used by traditional carriers, enabling superior risk segmentation in wildfire-exposed and weather-prone markets. Its diversified capacity ecosystem spans admitted and E&S markets, backed by highly rated carrier, reinsurance, and insurance-linked securities (ILS) capital partners. In October 2023, White Mountains Insurance Group acquired a controlling stake in Bamboo. In December 2025, CVC Capital Partners agreed to acquire Bamboo from White Mountains in a transaction valuing the company at USD 1.75 billion, reflecting Bamboo's scale and profitability as a leading residential property MGA. ## Products & services ### Homeowners Insurance \(Admitted\) Data-driven homeowners coverage in California and Texas using 200+ underwriting attributes for precise risk selection and pricing. **Key features:** - Dwelling and personal property coverage - Liability protection - Additional living expenses - Water damage protection \(with Phyn smart water monitoring integration\) - Fire risk mitigation via Ting electrical fire prevention technology *Target users:* Homeowners in admitted markets in California and Texas *Distribution:* Direct\-to\-consumer and independent agent channels ### E&S Homeowners \(California\) Excess-and-surplus homeowners coverage for California wildfire-exposed properties underserved by admitted carriers, launched in September 2025 in partnership with Accredited Insurance. **Key features:** - Wildfire\-exposed property coverage - Real\-time aggregation control - Competitive pricing through data\-driven underwriting *Target users:* California homeowners in wildfire\-exposed areas *Distribution:* Independent agents and wholesalers ### Renters Insurance Tenant property protection in California and Texas. ### Auto Insurance Personal auto coverage in served markets. ### Ancillary Products **Key features:** - \*\*Smartphone protection\*\* \(via bolt insurtech partnership\) \-\- device coverage integrated into agent and direct\-to\-consumer sales journeys ## Links - Website: - Directory profile: - Blog: - About: - Press: - Careers: - Agent portal: --- *Last updated: 2026\-05\-11*