Commenting on the capital raise, Hitzig said “We are very excited to welcome Peloton as an investor in the company. It’s an exciting time as we look to scale rapidly. In addition to the capital infusion, Peloton brings a wealth of expertise in the insurance industry and specifically within the MGA space. We are looking forward to working closely with them to execute on our long-term objective of building one of the premier independent MGA’s in our industry.”

Peloton Co-founder and Managing Partner Mike Murray commented “We are pleased to partner with the founding team at Starfish. They’ve built a great foundation with a robust and modern technology platform and strong support from some of the top insurance and reinsurance companies in the program space. Our initial investment and ongoing capital commitment will enable the company to accelerate its growth both organically and through strategic acquisitions.”

Starfish recently expanded capacity for their Non-Owned and Hired charter aviation program (from $50 to $100 million per risk) and added an Aviation Excess Liability program. They also recently launched a partnership with Crux Underwriting to provide up to $400 million in per risk Terrorism coverage in the United States. Additional new products are slated to launch early next year.