Aurenity announces launch of new GL program with A rated capacity
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 products risks.
Aurenity hired former Sompo executive Mark Fuderanan to lead its entry into the space late last year. The additional hires of senior underwriters Stefan Nicosia and Matt Clagnaz from Sompo were subsequently confirmed. Distribution will be exclusive to E&S wholesale brokers.
The new program follows Aurenity’s recent excess casualty launch and allows the MGA to begin writing supported excess through its new primary channel.
Backed by Chicago based investor Agman, Aurenity was launched in January 2022 as a brand-new E&S MGA. Having announced a number of technology partnerships over the past twelve months, the business has developed its cutting-edge ‘Augment’ pricing and analytics which enables differentiated risk insight to their growing underwriting team.
“We are delighted to get Mark and team up and running. On the back of our new excess offering, this primary capability delivers material capacity for our brokers and pricing discipline for our partners throughout placement towers.” – Aurenity CEO Nick Davies.