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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.
Tech-enabled E&S MGA Aurenity has confirmed the appointment of Kevin Thommes as EVP to lead their newly launched Public Entity program.
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.
Tech-enabled E&S MGA Aurenity has confirmed the launch of its primary General Liability (GL) program with AM Best ‘A’ rated capacity for mid-market construction, hospitality, real estate, premises, and product risks.
WEST HARTFORD, CT, September 19th 2022 Recently launched E&S MGA Aurenity has confirmed the appointment of Mark Fuderanan to lead its entry in to the primary General Liability (GL) market. Industry veteran Fuderanan joins Aurenity as Executive Vice President and will build out an underwriting team for GL. He was previously an executive at Sompo where he lead their GL business. He has spent his career in the casualty space having also held roles at Aspen and Ace Westchester. Commenting on the appointment, Doug Trainor, Aurenity CUO said “We are delighted to welcome Mark to Aurenity. He has built a reputation for subject matter expertise and strong distribution support.” He continued “On the heels of our recent Excess Casualty launch, these businesses will compliment each other as we build our offering at scale.” Aurenity CEO Nick Davies added “We continue to attract market leading talent and enable them with cutting edge insight to deliver the optimal blend of expertise and innovation. Mark’s pedigree is further evidence that our strategy is resonating.” Last week Aurenity confirmed the launch of its Excess Casualty team backed by Fortegra with $10m of capacity. Both products will operate exclusively in the wholesale E&S market, with capacity negotiations for GL now underway. About Aurenity Aurenity is blending market leading underwriting talent with cutting edge analytics to create a new MGA for the E&S market. Founded by underwriting experts with a common interest in technology, 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 or contact Aurenity at info@aurenity.com
WEST HARTFORD, CT, September 12th 2022 New tech-enabled E&S MGA Aurenity has confirmed the launch of its Excess Casualty program, offering products insured by Fortegra Specialty Insurance Company, a subsidiary of The Fortegra Group, Inc. (“Fortegra”). The relationship will allow Aurenity to write a maximum line of $10m which it will deploy on a mix of mid-market products, premises, hospitality, and construction risk. Aurenity hired former TMHCC executive Janet Beaver earlier this year to lead its entry into the space, and has confirmed the additional hires of Kelly Tate, Nicole Saladino, Adrienne Scherer, and Ariel Clearman to build out the team. Distribution will be exclusive to wholesale brokers. Backed by Chicago investor Agman, Aurenity was launched in January 2022 as a brand-new MGA for the E&S market. They are attracting market leading underwriting talent, enabled with cutting-edge pricing, segmentation, and risk insight technology. Using their ‘Augment™’ underwriting models, Aurenity is harnessing expertise and innovation to deliver a differentiated competitive advantage. Nick Davies, Aurenity CEO said “Fortegra’s underwriting acumen, claims expertise and financial strength make them a highly desirable partner for Aurenity.” He continued “We are a business built by and for underwriting expertise. Augmented with our pricing technology, we have the right blend of both to deliver sustained underwriting profit for our partners over the market cycle.” Aurenity has begun accepting submissions with September 15th effective dates 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 F ortegra For more than 40 years, Fortegra and its subsidiaries have underwritten risk management solutions that help people and businesses succeed in the face of uncertainty. As a global specialty insurer, we offer a diverse set of admitted and surplus insurance products and warranty solutions. Fortegra's A.M. Best Financial Strength Rating of A- (Excellent) is a result of our strict underwriting standards, consistent profitability, and high cash flows. For more information, please visit www.fortegra.com .
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