US-based Ategrity Specialty Insurance Company has completed a $75m capital raise led by Sequentis Financial to spur growth.
The insurer plans to use the latest funding to invest in technology to support its expansion plans.
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Ategrity is a property & casualty insurance company focused on the excess and surplus (E&S) lines market.
Its offerings include commercial E&S property and casualty business on a primary and excess basis.
Ategrity serves wholesale agents and brokers across the US through its end-to-end digital cloud platform.
Ategrity executive chairman and CEO Mike Miller said: “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.
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By GlobalData“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 said: “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.”
Notably, Zimmer funded Ategrity’s launch in 2018, who is also the founder and CEO of Zimmer Partners, an investment adviser and operating company of Sequentis Financial.
In June this year, E&S insurance distributor Pathpoint raised $30m.
