Ategrity Specialty Insurance Announces Additional $35 Million Growth Investment to Accelerate Middle Market Expansion and Drive Innovation

NEW YORK – September 13, 2023 – Ategrity Specialty Insurance Company, a specialty property & casualty insurance company focused on the excess and surplus (“E&S”) lines market, today announced an additional $35 million growth investment from Zimmer Financial Services Group. This funding will substantially bolster the expansion of the company's product lines and accelerate its data-enabled underwriting and operational innovations.

This latest round of funding brings the total Zimmer Financial investment in the company to $335 million and is set to significantly enhance Ategrity's capabilities for serving the needs of small and medium-sized enterprises (“SMEs”).

Building on the success of its Middle Market Property and Middle Market Casualty launches in 2022, the company last month introduced its Middle Market Management and Professional Liability product. This newly established practice area offers tailored insurance solutions for SMEs in both the brokerage and contract binding channels.

This latest investment from Zimmer Financial also underscores support for Ategrity's enterprise-wide innovation initiatives. In July, the company commenced the rollout of its Ategrity Select offerings – a suite of bespoke solutions for specific classes with innovations in pricing, product design, and data-augmented underwriting. The new offerings feature curated coverage and pricing that is differentiated at the individual risk level; contract binding agents can produce a bindable quote on the new platform in 90 seconds. The additional capital will further drive cutting-edge technological advancements, including AI, to elevate service levels and underwriting quality.

“From our founding up to this very day, the scale of commitment from Zimmer Financial has been instrumental in fueling Ategrity’s growth and our vision to pioneer solutions that can redefine the insurance landscape,” said Justin Cohen, CEO of Ategrity. “The company’s relentless dedication to delivering excellence and innovation to its clients has created exciting new channels for growth.”

Stuart Zimmer, Chairman of Zimmer Financial Services Group, said: “We are very pleased to invest this additional capital in Ategrity and to support its expansion opportunities. With submission volume across our brokerage businesses growing more than tenfold in the past year, Ategrity is emerging as a powerful disruptor in the marketplace and the clear solution for SMEs demanding exceptional coverage and service.”

Ategrity launched in September 2018 with funding from Zimmer Financial Services Group, the holding company for Zimmer Financial’s insurance businesses and its multibillion-dollar asset management company. Ategrity has a Financial Strength rating of A- (Excellent) from A.M. Best.

About Ategrity

Ategrity Specialty Insurance Company collaborates with brokers and wholesale agents across the U.S. to provide tailored risk and insurance solutions for small to medium-sized enterprises. Driven by innovation, customized solutions, and excellence, Ategrity leverages industry expertise and advanced data analytics to ensure businesses are well-prepared and safeguarded against evolving risks. For more information, visit www.ategrity.com.

Media Contact

Jonathan Wallace
jwallace@zimmerfsg.com