P&C insurance company Ategrity Specialty has raised $75m in financing from Sequentis Financial.
Founded in 2018, Ategrity is focused on the excess and surplus lines market, and its offerings include commercial E&S property and casualty on a primary and excess basis. The business serves brokers and wholesale agents across the US on a contract-binding and individual brokerage account basis.
Currently, Ategrity has a financial strength rating of A- – a rating seen as excellent – from A.M Best.
The company intends to use the newly raised funding to continue its growth.
Ategrity CEO and executive chairman Mike Miller said, “Since launching in 2018, Ategrity has done an extraordinary job at building its presence in the marketplace. It is now time to marry our existing strengths with new investments in data and analytics that will position our company for its next phase of growth. We are excited to have raised significant capital to support this plan as we work to deliver the highest level of service to our agents and brokers
Sequentis Financial chairman Stuart Zimmer added, “Ategrity has quickly established itself as a leader in the E&S marketplace, and we are very pleased to continue to support its growth. Its innovative approach to technology and service positions Ategrity well for the future, with a strong and seasoned executive team.”
Copyright © 2021 FinTech Global
