Insurtech Kalepa forms MGA

New York-based insurtech Kalepa Corp. said Monday it is introducing a managing general agency, Kalepa Insurance Services, with capacity provided by units of Ambac Financial Group Inc.

Kalepa Insurance Services will provide excess casualty through a partnership with the Everspan Group, whose companies are units of New York-based Ambac.

The program focuses on small and midmarket policyholders, with policies distributed through exclusive wholesale broker partnerships, said Kalepa, which was founded in 2018. 

Information on limits was not available.