Great Hill Partners has invested in Aurenity, a technology-enabled managing general agent in the excess and surplus insurance market. The private equity firm is backing Aurenity as it scales its underwriting team, rolls out new specialty programs, and deepens its use of artificial intelligence in risk selection.
Founding investor Agman and Aurenity's management team will retain significant equity stakes after the deal. The company, founded in 2022 and based in West Hartford, Connecticut, operates six core E&S programs: primary casualty, lead and excess casualty, public entity and religious organizations, and property.
The technology behind the underwriting
Aurenity's platform includes its Augment risk models, which equip underwriters with additional data and analytics to evaluate complex risks. The company plans to expand its use of AI for Insurance to support faster, more informed decisions while keeping human expertise central to its risk selection model. The investment will also fund improvements to the broader technology and AI Agents & Automation infrastructure.
Leadership and board changes
The leadership team includes CEO Nick Davies, Chief Underwriting Officer Doug Trainor, Chief Operating Officer Pat Safino, EVP of Excess Casualty Janet Beaver, and EVP of Primary Casualty Mark Fuderanan. As part of the transaction, Great Hill Managing Directors Matt Vettel and Nick Cayer and Principal Bob Anderson will join Aurenity's board.
Great Hill has prior insurance technology experience through investments in One Inc, Pareto, and Second Nature. The firm, founded in 1998, has raised more than $19 billion in commitments and typically invests between $100 million and $750 million in high-growth companies.
What leadership is saying
"Great Hill's investment and experience in both the insurance and technology sectors give us the capital and partnership to continue expanding our underwriting team and bring new programs to market," said Nick Davies, CEO of Aurenity.
Bob Anderson, Principal at Great Hill Partners, said, "The structural shift of complex risks into the E&S market and toward specialized underwriters gives us strong conviction that Aurenity is well-positioned for the near and long term."
Why this matters for insurance professionals
The deal signals continued capital flowing into E&S-focused MGAs that combine specialized underwriting with proprietary technology. For underwriters and program managers, the investment highlights a market where firms are pairing AI-driven analytics with human judgment rather than replacing it. Aurenity's expansion plans suggest growing demand for talent who can work at the intersection of complex risk assessment and data-informed decision tools.
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