Ategrity Specialty Insurance Company closes $ 75 million fundraising
Ategrity Specialty Insurance Company, a Scottsdale, Ariz., specialty property & casualty insurance company focused on the over-and-over-line (“E&S”) market, completed a $ 75 million capital increase.
The round was led by Sequentis Financial.
The company intends to use the funds to continue growing.
Led by Mike Miller, Executive Chairman and Chief Executive Officer, Ategrity is a specialty property and casualty insurance company focused on the excess and excess insurance (“E&S”) market. Its offerings include E&S Property & Casualty business activities on a primary and surplus basis. The company serves wholesalers and brokers across the United States on the basis of a contract and an individual brokerage account. Ategrity has a captive reinsurance company located in Bermuda which will share the risks of the insurance business.
Ategrity was launched in September 2018 with funding from Stuart Zimmer, President of Sequentis Financial and Founder and CEO of Zimmer Partners, a multi-billion dollar research-focused investment advisor and operating company of Sequentis Financial.