WEST HARTFORD, CT, April 12th, 2024 – Tech-enabled E&S MGA Aurenity has announced the expansion of its buffer excess casualty program with Everspan to a full $5m 'lead' excess offering. The program targets construction, hospitality, real estate, and products writing both unsupported and supported excess over Aurenity's primary GL team.
Commenting on the news, Aurenity CUO Douglas Trainor said, "Through a successful renewal we have simultaneously expanded our program limits and strengthened our reinsurance panel. We are well placed to meet increased demand for capacity from our wholesalers across E&S casualty towers."
Aurenity CEO Nick Davies added, "We continue to build a multi-line MGA platform at scale blending underwriting expertise and pricing innovation to deliver sustained underwriting profit. Our growing partnership with Everspan is an invaluable component of this strategy."
Everspan President Steve Dresner commented, “We are happy to support the expansion of Aurenity’s buffer excess casualty program, which proved very successful in its first year. Everspan is committed to supporting disciplined underwriting organizations, which aligns well with the demonstrated underwriting acumen at Aurenity.”
Aurenity now offers $17m of combined underwriting capacity across its primary, lead and excess casualty programs with Palms Insurance, Everspan and Fortegra respectively. Aurenity also recently announced the launch of a new $5m excess Public Entity offering with Vantage Risk.
About Aurenity
Aurenity is blending market leading talent with cutting edge underwriting analytics to create a new MGA 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 ‘Augment™’ 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 Everspan
Everspan Group is a specialty property and casualty insurance platform that operates nationwide on an admitted and non-admitted basis. The companies which comprise the Everspan Group are wholly owned subsidiaries of Ambac Financial Group, Inc. (NYSE: AMBC), an insurance holding company. For more information, please refer to www.everspangroup.com.
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