Great Hill Partners backs Aurenity’s specialty-insurance expansion
The growth investment will help the technology-enabled insurer add underwriting talent, launch programs and strengthen its systems.
Technology supporting specialty underwriting
Aurenity operates an excess-and-surplus managing general agent for specialty casualty, public-entity, religious and property coverage. Its underwriters use pricing algorithms, exposure and claims analytics, and portfolio tools to assess submissions and select risks for carrier partners.
Great Hill Partners has made a growth investment in the company; the amount was not disclosed. Aurenity plans to add underwriting talent for new specialty programs and invest in automation and systems infrastructure, extending its ability to evaluate and manage complex risks across multiple insurance lines.
Use of funds
Expand underwriting talent to launch specialty programs
Invest in automation and systems infrastructure