By Ashish Tiwari

Aug 20 (The Insurer) - Construction and renewable energy-focused insurtech Shepherd has entered a partnership to write primary and excess casualty business across the U.S. on the paper of Intact Financial, which led the MGU's $42 million Series B raise in March.

The program, effective July 1, will see Shepherd write primary and excess casualty coverage on Intact's A-plus (Superior) rated admitted and non-admitted paper, backing contractor practice programs and project-specific placements for large construction projects.

The deal marks the latest step in Shepherd's growth since its 2022 launch. The company has doubled its gross written premium run-rate through the first half of 2026 and grown 23-fold from 2022 to 2025, expanding its P&C offerings across multiple verticals.

Under the delegated authority arrangement, Shepherd gains a capacity partner in Intact with an expanding commercial and specialty solutions network, the companies said.

The partnership builds on an earlier tie between the two firms. Intact Private Capital led Shepherd's $42 million Series B funding round earlier this year.

The capacity agreement was underwritten separately, based on Shepherd's risk selection, underwriting discipline and technology, according to the companies.

“As part of our partnership, we are working closely with Shepherd on deepening insights for pricing and risk selection and claims service for clients,” said Michael Seff, senior vice president, specialty lines, Intact Insurance.

“We continue to believe that commercial insurance is plagued by outdated systems and high-friction workflows. We built Shepherd to modernize the delivery of high-quality insurance products and innovate using data and technology,” said Justin Levine, Shepherd's CEO and co-founder.

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