About TRU Services
TRU Services is a company based in Beverly (United States) founded in 1995 by Jerry Trupiano and Anne Trupiano was acquired by Liberty Mutual Insurance in March 2017.. TRU Services offers products and services including Stop Loss Coverage, Commercial Auto Insurance, and Cyber Liability Insurance. TRU Services operates in a competitive market with competitors including State Farm, HUB International, Prudential, Assurant and Voya Financial, among others.
- Headquarter Beverly, United States
- Founders Jerry Trupiano, Anne Trupiano
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Liberty Mutual Insurance Company
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Liberty Mutual Insurance
(Mar 21, 2017)
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Products & Services of TRU Services
TRU Services offers a comprehensive portfolio of products and services, including Stop Loss Coverage, Commercial Auto Insurance, and Cyber Liability Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Protects employers from large medical claims in self-funded health plans.
Covers vehicles and fleets for businesses against accidents and damages.
Safeguards businesses from financial losses due to cyber threats.
Funding Insights of TRU Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TRU Services
TRU Services has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Liberty Mutual Insurance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Liberty Mutual Insurance is engaged in providing insurance solutions globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TRU Services
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TRU Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tru Services Comparisons
Competitors of TRU Services
TRU Services operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as State Farm, HUB International, Prudential, Assurant and Voya Financial, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Insurance and financial services are provided to individuals and businesses.
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| domain | founded_year | HQ Location |
Investment advisory, insurance distribution, and risk management services are provided.
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| domain | founded_year | HQ Location |
Life, health, and financial insurance services are provided globally.
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Homeowner, rental, vehicle, flood, and travel insurance services are provided.
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| domain | founded_year | HQ Location |
Provider of pension fund for the employees based out of the US
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Life insurance and diversified asset management services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about TRU Services
When was TRU Services founded?
TRU Services was founded in 1995.
Where is TRU Services located?
TRU Services is headquartered in Beverly, United States. It is registered at Beverly, Massachusetts, United States.
What does TRU Services do?
TRU Services offers Stop Loss Coverage, Commercial Auto Insurance, Cyber Liability Insurance while focusing on offering financial products and advice, insurance carriers, and diversified. Diversified insurance carrier firm. Delivering reliable solutions, it emphasizes quality, efficiency, and meeting diverse client needs.
Who are the top competitors of TRU Services?
TRU Services's top competitors include HUB International, Kemper and Assurant.
What products or services does TRU Services offer?
TRU Services offers Stop Loss Coverage, Commercial Auto Insurance, and Cyber Liability Insurance.
Who are TRU Services's investors?
TRU Services has 1 investor. Key investors include Liberty Mutual Insurance.