Justin Cohen, Deputy CEO of Ategrity Specialty Insurance, risk and insurance solutions provider, is succeeding Mike Miller as the company’s CEO – effective January 1, 2023 – , according to a recent announcement.
Cohen has led the evolution of Ategrity’s business in the excess and surplus lines (E&S) market, including an expansion into the Middle Market segment.
He serves on the board of Ategrity Specialty Holdings, parent company of the E&S insurer, and, in his year and a half as Deputy CEO, has led the company to build financial strength and focus on more profitable business lines and innovations.
“Justin has been instrumental in building Ategrity’s team of exceptional talent and deploying capital in areas that support growth in a smart way,” said Stuart Zimmer, chairman of Zimmer Financial Services Group (ZFSG) and lead investor in Ategrity.
In 2018, Ategrity launched with a significant financial investment from Zimmer, which brought aboard a management team of industry veterans led by Miller.
According to the announcement, this fall, the company received an additional $75 million in capital from Zimmer to support the rollout of the firm’s new products, bringing Zimmer’s investment to approximately $300 million to date.
Zimmer added: “As Mike steps away from Ategrity after nearly five years, we are grateful for his leadership in helping us build a new E&S business from scratch and put it on the map,” said Zimmer.
“Now, as Justin assumes the full title of CEO and can further execute our vision, we are excited about Ategrity’s next chapter.”
Cohen commented: “I am looking forward to growing our business as we deepen our relationships with brokers and agents and deliver exceptional service and products to the market.
“Our goal is to become the leading E&S carrier that uses strong technical underwriting, intelligent operational efficiencies, sound risk management, and intensive specialisation to win in the marketplace, and we are on a clear path toward this success.”