Ategrity Specialty Insurance Company Completes $75 Million Capital Raise from Sequentis Financial
Ategrity Specialty Insurance Company, ("Ategrity" or "The Company"), a specialty property & casualty insurance company focused on the excess and surplus ("E&S") lines market, today announced the completion of a $75 million capital raise led by Sequentis Financial LLC to support its continued growth.
"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," said Mike Miller, Executive Chairman and Chief Executive Officer, Ategrity. "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."
Stuart Zimmer, Chairman of Sequentis Financial, 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."
Ategrity launched in September 2018 with funding from Mr. Zimmer, the Founder and CEO of Zimmer Partners, a research-driven multibillion dollar investment adviser and operating company of Sequentis Financial.
Ategrity's offerings include commercial E&S property and casualty business on a primary and excess basis. The Company has a Financial Strength Rating of A- (Excellent) from A.M. Best.
About Ategrity
Ategrity is a specialty property & casualty insurance company focused on the excess and surplus ("E&S") lines market. The Company is headquartered in Scottsdale, Arizona, and is domiciled in Delaware in the United States. It serves wholesale agents and brokers throughout the U.S. on a contract binding and individual brokerage account basis. Ategrity has a captive reinsurance company located in Bermuda that will share in the risks of the insurance business. For more information, visit www.ategrity.com.
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