New E&S-focused MGA Aurenity enters GL market with Sompo veteran

Recently launched managing general agent (MGA) for the excess and surplus (E&S) market, Aurenity, has hired an industry veteran, formerly of Sompo, to lead its entry  into the general liability (GL) market.

Mark Fuderanan (pictured) joins Aurenity as executive vice president to build out an underwriting team for GL.

Fuderanan was previously an executive at Sompo where he led its GL business. He has spent his career in the casualty space having also held roles at Aspen and Ace Westchester (Chubb).

Earlier this month, Aurenity announced the launch of its excess casualty team backed by Fortegra with $10 million of capacity. Both products will operate exclusively in the wholesale E&S market, with capacity negotiations for GL now underway.

Doug Trainor, chief underwriting officer of Aurenity, said: “We are delighted to welcome Mark to Aurenity. He has built a reputation for subject matter expertise and strong distribution support.

“On the heels of our recent Excess Casualty launch, these businesses will compliment each other as we build our offering at scale.”

Aurenity chief executive officer Nick Davies added: “We continue to attract market leading talent and enable them with cutting edge insight to deliver the optimal blend of expertise and innovation. Mark’s pedigree is further evidence that our strategy is resonating.”

Aurenity, MGA, E&S, General liability, Mark Fuderanan, Sompo, Appointment, North America

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