Ategrity Specialty Insurance Co. sad it has completed a $75 million capital raise led by Sequentis Financial LLC to support its continued growth.
Ategrity is a Scottsdale, Arizona-based specialty property/casualty insurance company focused on the excess and surplus lines market that was launched in 2018 by Mike Miller, the long-time president and chief operating officer of excess and surplus lines giant Scottsdale Insurance Co.,
Ategrity has expanded its presence in the marketplace since its launch and this new investment will position the company for the next phase of its growth, according to Miller.
“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 Miller, who is executive chairman and chief executive officer.
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.
The company is domiciled in Delaware. Ategrity has a captive reinsurance company located in Bermuda that shares in the risks of the insurance business
*This story ran previously in our sister publication Insurance Journal