Great Hill Partners backs Aurenity to expand E&S insurance platform
What's the deal? Great Hill PartnersDealroom has a profile for this one. Try Dealroom → has made a strategic growth investment in Aurenity, a technology-enabled excess and surplus (E&S) managing general agent (MGA). Agman, Aurenity's founding investor, and the management team retain significant equity stakes. Financial terms were not disclosed.
What does Aurenity do? Founded in 2022 and based in West Hartford, Connecticut, it operates in the E&S insurance market. It has grown to six core programs spanning primary, lead, and excess casualty, public entity and religious, and property, backed by a panel of carrier partners.
What's the endgame? The capital will fund underwriter recruitment, new specialty program launches, and further investment in automation and AI. Chief executive officer Nick Davies said the deal lets Aurenity "invest in AI to enable smarter and faster decisions while preserving the expertise-led underwriting culture that's been central to our success."
Why now? Bob Anderson, principal at Great Hill, pointed to "the structural shift of complex risks into the E&S market and toward specialized underwriters" as the basis for the firm's conviction. As part of the deal, Great Hill's Matt Vettel, Nick Cayer, and Anderson will join Aurenity's board.
Who else is at the table? Great Hill's other insurance holdings include One Inc, ParetoDealroom has a profile for this one. Try Dealroom →, and Second Nature. Agman founder and chief executive officer Scott Silverman said the company "has demonstrated a unique ability to scale while maintaining strong underwriting discipline."
The signal: Private equity continues to chase specialist underwriting as complex risks migrate from standard insurers to the E&S market. Aurenity's rise from a 2022 startup to a six-program platform in four years shows how quickly technology-led MGAs can gain traction — and attract growth capital.
Read more: morningstar.com
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