Dellwood Insurance Group launched as a new entrant in the US excess and surplus (E&S) insurance market with $250m in financial backing. The firm was founded by former AIG executives Michael Price (CEO) and Kean Driscoll (president and CUO) and targets wholesale brokers serving the SME commercial segment. Dellwood says it will offer a full suite of insurance products for SME commercial customers and build a purpose-built underwriting platform. The company plans early investment in technology to streamline underwriting and claims, drive operating efficiencies, and deliver service to broker partners. Its formation is supported by a consortium of reinsurers and individual investors and comes as the E&S market has roughly doubled in size since 2018 amid increased catastrophic activity and inflationary pressures. Dominic Addesso will assume the role of non-executive chairman.

Total raised

$250M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2024