Kalepa forms new MGA

Kalepa, a NY-based insurance startup providing an AI-powered decision support platform for commercial insurance underwriters, has formed a new MGA.

Kalepa Insurance Services, which is led by Connie Germano, will focus on small and midmarket policyholders, with policies distributed through wholesale broker partnerships. The MGA will underwrite excess casualty risks using Everspan paper, a subsidiary of Ambac Financial Group.

Kalepa’s new MGA also offers an embedded solution for partners.

Founded in 2017, Kalepa is a team of ~29 and it publicly disclosed $14 million in funding.