Ledger’s mission is to connect risk directly to the lowest cost and the largest market for capital. Ledger combines data, analytics and real-time computing to deliver unprecedented transparency, objectiveness and reliability in the rating of insurance risks to institutional investors. Ledger’s standardized security structures provide a scalable platform to deliver high alpha investment opportunities that are uncorrelated to the broader asset classes.

Ledger provides MGAs and brokers with a one-stop shop and direct access to licensed insurer and capital. For insurers, Ledger provides access to flexible, lower-cost, off-balance sheet capital that can both reduce risk on the balance sheet while increasing ROE.

 “Ledger has now connected auto and workers compensation risks originated by more than fifteen MGAs to capital from the ILS market. With this investment we can connect risk and capital at large scale,” said Samir Shah, Co-founder and CEO. “We have entered into strategic agreements with risk originators to place large blocks of casualty risks into the capital markets. Ledger has also entered into strategic agreements to provide paper and a balance sheet through which we can provide a one-stop shop for flow into the capital markets.”

“Ledger is enabling a two-sided marketplace through the use of technology that will lower the cost of capital for insurance risk, benefiting existing insurers, new insurance startups and the consumers of insurance products”, shared Victor Westerlind, Partner of AllegisNL Capital. “Bringing down the costs this way has the opportunity to expand an already large, trillion-dollar global market.”

“Ledger provides capital markets seeking uncorrelated returns with an efficient way to access life and P&C risk, while simultaneously expanding the risk-sharing pool for traditional carriers and MGAs,” noted Eric Emmons, managing director at MassMutual Ventures. “Ledger’s proprietary analytics and securitization platform enables these constituencies to create mutually-profitable contracts within the trillion-dollar global insurance market.”

“Ledger makes it easy for insurers to get the capital they need while helping investors find the smartest ways to diversify” said Ilya Kirnos, SignalFire’s founding partner and chief technology officer. “SignalFire has been privileged to support Ledger as the company has built the world-class team necessary to perform this complex matchmaking at massive scale.”

About Ledger
Ledger Investing, Inc. started in 2017 as a Y Combinator start-up and raised a $5 million seed round from a combination of investors in Silicon Valley and strategic insurance investors like Group AmWINs and MassMutual. Ledger is led by Samir Shah, an ex-AIG executive who was one of the largest buyers of reinsurance and among the largest sponsors of insurance-linked securities (ILS). Ledger Capital Markets, LLC is a wholly owned subsidiary of Ledger Investing, Inc. and a registered securities broker/dealer with the SEC and a member of FINRA and SIPC https://www.ledgerinvesting.com/ .

About AllegisNL Capital
Backed by one of the largest life insurance companies in the world, AllegisNL Capital is part of the Allegis Capital family of venture capital funds based in Palo Alto, CA and invests in innovative companies at the intersection of technology, finance, insurance and digital health.

About MassMutual Ventures
MassMutual Ventures is a global venture capital firm investing in opportunities in the insurtech, fintech, cybersecurity, data science, and enterprise software markets. MassMutual Ventures manages $450M across several funds with offices in Boston and Singapore. For more information, visit: https://www.massmutualventures.com/