Aurenity bolsters excess casualty program

Apr 16, 2024 [IBA] -- Excess and surplus (E&S) managing general agent (MGA) Aurenity has expanded its excess casualty insurance program in partnership with Everspan, now offering a full $5 million “lead” excess capacity.

The enhancement targets sectors including construction, hospitality, real estate, and various products, and covers both unsupported and supported excess above Aurenity’s primary general liability team. 

With the expansion, Aurenity now has a combined underwriting capacity of $17 million across its primary, lead, and excess casualty programs, in collaboration with Palms Insurance, Everspan, and Fortegra. 

Additionally, Aurenity recently announced the launch of a new $5 million excess public entity offering with Vantage Risk in a bid to further broaden its portfolio and capabilities in the specialty insurance market.

Douglas Trainor, chief underwriting officer at Aurenity, expressed confidence in the expansion and its role in further growing the company’s expertise.

“Through a successful renewal we have simultaneously expanded our program limits and strengthened our reinsurance panel. We are well placed to meet increased demand for capacity from our wholesalers across E&S casualty towers,” Trainor said.

Nick Davies, CEO of Aurenity, also emphasized the strategic vision behind the expansion as the firm follows through on its strategy. 

“We continue to build a multi-line MGA platform at scale blending underwriting expertise and pricing innovation to deliver sustained underwriting profit. Our growing partnership with Everspan is an invaluable component of this strategy,” Davies said.

Steve Dresner, president of Everspan, also commented on the collaboration and its alignment with the P&C insurance platform.

“We are happy to support the expansion of Aurenity’s buffer excess casualty program, which proved very successful in its first year. Everspan is committed to supporting disciplined underwriting organizations, which aligns well with the demonstrated underwriting acumen at Aurenity,” Dresner said.