Boston-based Ledgebrook said it raised USD 200 million in primary equity financing. Allianz X, the strategic investment arm of the Allianz Group, and Rockefeller Capital Management co-led the round. Allianz Re has agreed to enter a multi-year reinsurance agreement with Ledgebrook.
Ledgebrook writes general liability, professional liability and specialty coverage through wholesale brokers. It said it will use the funds to scale its technology and extend Blackbird, its AI underwriting platform.
The company said that it is on track to surpass USD 1 billion in cumulative premium written since it started to write business in 2023. It employs around 300 people, including some 80 underwriters and 50 engineers. AM Best assigned its carrier a Financial Strength Rating of A- (Excellent) in August 2026, the company said.
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Ledgebrook ↗Company · 7 Oct 2026
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