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Carroll Street Capital invests to accelerate Trivora’s MGA growth
The growth capital will back Trivora Insurance’s specialty-line expansion, including cyber and related risk product innovation, and help scale broker-focused underwriting.
Trivora Insurance, a technology-forward managing general agent focused on small and medium-sized enterprise cyber insurance and related risks, said it has secured a growth investment led by Carroll Street Capital, a New York-based private investment firm.
The new capital is intended to support Trivora’s specialty-line expansion, cyber and related risk product innovation, and continued broker-focused underwriting growth. The company said it is building a multiline MGA that operates with the speed and automation of a technology company while applying insurance judgment through its underwriting team and broker relationships.
Trivora also emphasized that it uses technology and data analytics to streamline the path from submission to binding and support transparent, data-driven pricing, while still maintaining personal interactions with channel partners.
As part of the investment, Jay Caloras will join Trivora’s board alongside Farhan Shah, John Soughan, and Sabby Ray. Reinsurance News reported the investment reflects Carroll Street’s view that cyber and related risk products are becoming central to the SME commercial insurance offering.