Trivora Insurance, a technology-forward managing general agent (MGA) specialising in small and medium-sized enterprise (SME) cyber insurance and related risks, has announced a growth investment led by Carroll Street Capital, a New York-based private investment firm.
The new capital is to support Trivora’s specialty-line expansion, cyber and related risk product innovation and continued broker-focused underwriting growth.
Trivora prioritises the critical broker-underwriter relationship and views ongoing data analytics advancement as foundational to its operations.
The company leverages advanced technology to streamline the process from submission to binding, offering transparent, data-driven pricing while maintaining essential personal interactions with its channel partners.
By automating the operational complexity behind the scenes, Trivora enables its team to focus on what matters most: judgment, relationships, and helping clients navigate a complex commercial risk landscape.
“We set out to build a multiline MGA that moves like a technology company and thinks like an insurance company,” said Farhan Shah, Founder and CEO of Trivora Insurance. “Our success in the market deepens our conviction in our approach with our broker partners: to deliver a partnership supported by knowledgeable underwriters they trust and enhanced by technology that makes the experience faster and more transparent. Carroll Street and Trivora are aligned on that vision, and we are excited to partner and deliver a best in class, modern MGA experience to the market.”
Carroll Street was attracted by Trivora’s deep technology capabilities, solid relationships within the industry, proven track record, and the remarkable early execution of its world-class team, the firm stated.
Caloras, Founder and Managing Partner of Carroll Street, commented: “Farhan has built a highly capable team that is executing extremely well and delivering on a vision of a technology-led, modern MGA that deftly balances the evolving needs of brokers, clients, and carrier partners.
“We see cyber and related risk products as increasingly central to the evolution of the SME commercial insurance suite, and Trivora is uniquely positioned to be an industry leader in pricing, managing, and innovating on commercial risk in the years to come. We are excited to partner with Farhan and the team at Trivora.”
As part of the investment, Jay Caloras will join Farhan Shah, John Soughan and Sabby Ray on Trivora’s Board of Directors.
“At Trivora, technology is not the product, it is the enabler,” Shah added. “Our goal is to help brokers deliver the best terms, pricing, and capabilities to insureds with greater speed and confidence, while preserving the relationships and expertise that make this industry work.”
