Insurtech Ledgebrook raises $4.2M to provide a best-in-class quoting experience to wholesale brokers
BOSTON, Aug. 16, 2022 /PRNewswire/ -- Ledgebrook, a Boston-based insurtech founded in March, has announced that it raised $4.2M in seed funding to build out its operations with the goal of writing its first policies in Q4 2022. The company plans to start by launching a broad-appetite E&S GL product (with supported excess) to establish its value prop to wholesale brokers ahead of expanding via multiple additional product launches in 2023.
- "The E&S markets are ripe for disruption as brokers and customers aren't well served by the slow, unsophisticated quoting processes of legacy players," said Gage Caligaris, Ledgebrook's Founder and CEO.
- An actuary by training, Gage looks forward to bringing the best in next-gen technology and service to a long-underserved sector of the insurance market: "We're building Ledgebrook specifically for the wholesale broker."
- "By introducing the powerful combination of cutting-edge technology and deep insurance expertise to E&S, Ledgebrook is set to deliver a best-in-class experience.
- About Ledgebrook: Ledgebrook is a tech-enabled E&S MGA looking to provide the fastest, easiest quoting experience to wholesale brokers while delivering best-in-class pricing and risk selection via their innovative next-gen tech stack.