XPT Group Secures $12.6 Million Funding for Rapid Growth in Property and Casualty Insurance Market

In a major stride towards enhancing its innovative insurance distribution capabilities, XPT Group is thrilled to announce the successful closing of $12.6 million in funding. Established in 2017, XPT Group has rapidly evolved into a premier specialty insurance distribution platform for Property and Casualty insurance, currently writing over $550 million in Gross Written Premium. This latest funding round will exclusively support XPT’s ambitious growth strategy, which revolves around the acquisition of specialty wholesale and underwriting businesses, as well as the development of cutting-edge Managing General Agency programs. By nurturing its tech-enabled customer service, XPT aims to streamline operations and deliver unparalleled value to its retail agent clients across the United States. With its two core operating platforms—XPT Specialty and Platinum Specialty Underwriters—XPT is uniquely positioned to address the diverse needs of its market. XPT Specialty stands out for its collaborative partnership culture, fostering efficient value delivery that resonates with its clients and market partners. Meanwhile, Platinum Specialty Underwriters focuses on solving high-risk problems through exclusive, top-tier underwriting products and services. The infusion of capital from this funding round will not only facilitate ongoing acquisitions and product development but also bolster XPT’s talented producer teams, enhancing service delivery and client satisfaction. As XPT Group continues to expand its footprint in the specialty insurance landscape, the support from investors solidifies its commitment to excellence in independent insurance services. For further inquiries or to learn more about XPT Group's exciting journey, please reach out via email at info@xptspecialty.net or visit our website at xptholdco.com.