Ategrity Specialty Insurance, which provides excess and surplus insurance to small and medium-sized businesses, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
Ategrity is a specialty insurance company dedicated to providing excess and surplus products to small to medium-sized businesses (SMBs) across the US. As of December 31, 2024, the company had a network of 460 distribution partners, providing increased transaction opportunities and diversified sources of business. It offers insurance solutions for property and casualty, and it currently focuses on the real estate, hospitality, construction, and retail verticals.
The New York, NY-based company was founded in 2018 and booked $344 million in revenue for the 12 months ended December 31, 2024. It plans to list on the NYSE under the symbol ASIC. Ategrity Specialty Insurance filed confidentially on November 20, 2024. J.P. Morgan and Barclays are the joint bookrunners on the deal. No pricing terms were disclosed.
