Led · Equity · Aug 2018

xagent delivers an independent single-entry, multi-quote exchange for standard and surplus lines business insurance across all 50 states. Led by CEO Bryan Baird, the company has released a Beta of its Universal Submission App, an online service providing instant access to business owner insurance from nationally A-rated carriers. More than 600 agencies have registered for the current Beta release. World Insurance and several new Leadership Council agencies are part of the xagent community. Financially, xagent received $1.2M in strategic funding in the reported round, which remains open to qualified agency principals. The company is headquartered in Reston, VA. Xagent provides a 50-state single-entry submission platform for retail P&C agents to expedite market access to a variety of standard and surplus lines insurance for commercial clients. The company is based in Reston, VA and is positioning its Universal Submission App for an upcoming Beta release. More than 500 agencies have registered for the Beta. Xagent closed a $2.1M seed funding round to support its growth. Following the deal, strategic participants such as NFP and Insgroup will be part of Xagent's user community. Terry Scali, CEO of NFP’s P&C division, will join Xagent’s Board of Directors.