Tech enabled program administrator adds Emmons as Senior Advisor

New York, November 30, 2022 – Starfish Specialty Insurance announced today that it had completed a second round of funding, raising $2.5 million in fresh equity capital and $500,000 in debt to further fuel its expansion. The round was led by its founders and supported by outsiders including industry veteran Brad Emmons who has been named a Senior Advisor to the Company.

Starfish was launched in 2021 by Jeremy Hitzig along with co-founders Tom Lane, Margret McBurney, Michael Thabet, Brooks Chase and James Flynn. The company launched their first program in late 2021, a unique builder’s risk program distributed as an embedded product in partnership with a leading private lender. The program is backed by “A” rated insurance carrier Summit Specialty. The group has already surpassed 1,500 policies written since inception. A second program is set to launch in the coming weeks.

Commenting on the capital raise, Hitzig said “We are very excited to welcome our new investor partners. The additional funding positions us to add several new programs, invest in additional underwriting talent and continue to expand the capabilities of our technology platform.” He further added “Brad brings a wealth of experience and perspective on how to build a best-in-class program business and we are fortunate to have him supporting us.”

Based in New York, Starfish Specialty Insurance is a privately held, national program administrator licensed to write admitted and surplus lines business. To learn more, please visit www.starfishspecialty.com.