Aurenity Gets Strategic Investment From PE Firm Great Hill Partners
Tech-enabled E&S MGA Aurenity has secured a strategic investment from Great Hill Partners aimed at stepping up underwriter recruitment, new program launches and AI enablement across its growing platform.
The Insurer
By David Bull
1 September 2026
In a statement confirming the investment to Program Manager, the Boston-based private equity firm said Aurenity’s founding investor Agman and the MGA’s management team will retain a significant portion of their equity stakes in the company.
Financial terms of the transaction were not disclosed.
Evercore was financial adviser to Aurenity, with legal counsel from Fried, Frank, Harris, Shriver & Jacobson LLP. Ardea Partners and Oliver Wyman served as financial and actuarial advisers to Great Hill, with Goodwin Procter LLP as legal counsel.
West Hartford, Connecticut-headquartered Aurenity was founded in 2022, led by CEO Nick Davies. Other key executives include chief underwriting officer Doug Trainor, chief operating officer Pat Safino, executive vice president for excess casualty Janet Beaver and EVP for primary casualty Mark Fuderanan.
The MGA platform has grown to six core E&S programs across primary, lead and excess casualty with public entity and religious organisations, led by EVP Kevin Thommes, as well as property, led by EVP John Woie.
Sources with knowledge of the company said in-force premium across the programs on the platform has passed $250 million, written across a diverse carrier panel.
GROWTH INVESTMENT
In the statement, Great Hill said its investment is designed to accelerate Aurenity’s next phase of growth.
This will include expanding its underwriting talent ranks to fuel the launch of new specialty programs, as it also continues to invest in the automation and systems infrastructure “that enables the company to scale efficiently with disciplined underwriting”.
Great Hill targets investments of $100 million to $750 million in high-growth companies across the financial services, healthcare, technology, business services and consumer sectors.
Its other insurance-related investments include insurance payments network One Inc, employee benefit group captives provider Pareto, and single-family rental market tenant insurance solutions specialist Second Nature.
Commenting on the investment, Aurenity CEO Davies said: “From the very beginning of Aurenity’s journey, our team has been focused on building a business that earns the trust of our carrier partners through disciplined risk selection.”
He said that the investment from Great Hill coupled with the PE firm’s experience in the insurance and technology sectors will give Aurenity the capital and partnership to continue expanding its underwriting team and bring new programs to market.
“It also allows us to further invest in AI to enable smarter and faster decisions while preserving the expertise-led underwriting culture that’s been central to our success,” he continued.
Great Hill principal Bob Anderson, who will be joined on Aurenity’s board by the investor’s managing directors Matt Vettel and Nick Cayer, highlighted the MGA’s “high-caliber” founding team, its track record with carrier partners and technology infrastructure to continue scaling.
“The structural shift of complex risks into the E&S market and toward specialized underwriters gives us strong conviction that Aurenity is well-positioned for the near- and long-term, and we look forward to partnering with the Aurenity and Agman teams to build on what they have already accomplished,” he said.
Agman’s founder and CEO Scott Silverman added: “Since our seed investment, the company has demonstrated a unique ability to scale while maintaining strong underwriting discipline. We are proud to partner with Great Hill as we continue to support Aurenity’s next chapter.”
PLATFORM OF CHOICE
Although financial details of the investment could not be confirmed, sources with knowledge of the situation said it falls within the typical range for Great Hill Partners.
They added that the transaction crystallizes the continued partnership between founding investor Chicago-based Agman and Aurenity’s management team.
A key aspect of the new investment will be to accelerate Aurenity’s ambition to be the platform of choice for market-leading underwriting talent.
Meanwhile, continued technology investment is aimed at further enabling AI-native risk insight and underwriting analytics on the platform to support its underwriters, with a strong focus on discipline and risk selection as the MGA continues to scale.
Aurenity is understood to have a robust pipeline of E&S program opportunities with cyber and professional viewed as likely targets for expansion with new offerings.
