WEST HARTFORD, CT, February 1, 2024 – Tech-enabled E&S MGA Aurenity has confirmed the launch of a new excess Public Entity (PE) program with backing from specialty re/insurer Vantage Risk, through its Vantage Risk Specialty Insurance Company. The partnership will see Aurenity offer a mix of standalone and pool business on an excess basis with casualty capacity of up to $5m. In addition to public entities, the new program will also selectively target scholastic, higher education, and other non-profit business.
The Public Entity market has seen a significant contraction in capacity in the past few years as legacy carriers deal with the effects of social inflation and claims trends. Aurenity has identified the excess market as being ideally suited to deploy much-needed capacity for our clients and broker partners.
Douglas Trainor, Aurenity CUO said “We are thrilled to announce our partnership with Vantage for the launch of our excess Public Entity program. Combining Vantage’s fresh perspective on risk with Aurenity’s underwriting expertise and sophisticated pricing technology brings a compelling offering to this underserved segment.”
Nick Davies, Aurenity CEO said “Aurenity continues to build on our strong launch in the Casualty market to which we see Public Entity as adjacent. We are successfully executing our strategy of building a multi- line MGA distribution platform with leading expertise and differentiated technology.”
Vantage Risk will become Aurenity’s fourth carrier partner after launching programs for primary, buffer and excess casualty over the past year. Backed by Chicago based investor Agman, Aurenity was formed in January 2022 as a brand-new E&S MGA that is blending expertise and innovation to offer a better view of risk.
Aurenity will begin accepting excess Public Entity submissions beginning February 1st forward and is set to announce additional hires shortly.
About Aurenity
Aurenity is blending market leading talent with cutting edge underwriting analytics to deliver MGA capacity for the E&S market. Founded by underwriting experts with a common interest in innovation, our team shares over a century of experience at top tier carriers. Harnessing our sophisticated ‘AugmentTM’ risk models, our underwriters have access to better data and smarter analytics to deliver cross cycle profit for our partners. Aurenity, where expertise meets innovation. Learn more at www.aurenity.com
About Vantage Risk
Vantage Group Holdings Ltd. (Vantage) was established in late 2020 as an insurance and reinsurance partner designed for the future. Driven by relentless curiosity, our team of trusted experts provides a fresh perspective on our clients’ risks. We add creativity to tech-enabled efficiency and robust analytics to address risks others avoid. Vantage operating subsidiaries Vantage Risk Ltd., Vantage Risk Assurance Company and Vantage Risk Specialty Insurance Company are rated "A-" (Excellent) by AM Best. The information contained herein is provided as a general overview for agents and brokers for informational purposes only. It is not an offer to sell, or a solicitation to buy, any particular insurance product. The products described are not available other than through a licensed surplus lines broker.
Aurenity Contact: info@aurenity.com
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