The agreement arrives as Shepherd experiences a period of intense growth, having doubled its gross written premium run rate during the first half of 2026. Since its 2022 inception, the company has grown revenue 23-fold, positioning itself as a key player in insuring high-hazard industries like construction and renewable energy. Intact, which previously led Shepherd’s $42 million Series B round through its private capital arm, will now provide the balance sheet strength necessary for Shepherd to expand its U.S. casualty offerings.
In section Releases
Shepherd Secures Intact Partnership to Fuel U.S. Casualty Expansion
San Francisco-based insurance platform Shepherd has secured a strategic capacity partnership with global insurer Intact Financial Corporation. Effective July 1, 2026, the deal grants Shepherd delegated underwriting authority to write primary and excess casualty coverage on Intact’s A+ rated paper, marking a significant milestone in the insurtech’s rapid scaling.
For brokers, the partnership integrates Shepherd’s AI-driven underwriting—which the company claims prices risk 10 to 15 times faster than traditional carriers—with the financial backing of one of the world's largest property and casualty providers. Justin Levine, CEO and co-founder of Shepherd, noted that the collaboration serves as a validation of the company's technology-first approach to commercial insurance. Beyond casualty, the firms are exploring deeper integrations in property and builders risk solutions. Michael Seff, senior vice president of specialty lines at Intact Insurance, emphasized that the decision to commit capacity was driven by Shepherd’s disciplined risk selection and the efficiency of their autonomous platform.
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