Shepherd, the AI-native commercial insurance platform for high-hazard industries, announced a new partnership with Intact Financial Corporation to write primary and excess casualty on Intact's AM Best A+ rated paper across the United States, effective July 1, 2026. The agreement grants Shepherd delegated underwriting authority and insurance capacity for U.S. casualty, marking a significant expansion of its capabilities. Shepherd doubled its gross written premium run rate through the first half of 2026 and grew revenue 23 times from 2022 to 2025, with Intact Private Capital having led Shepherd's $42 million Series B earlier this year. The partnership will initially focus on casualty, with Shepherd writing primary and excess casualty on Intact's admitted and non-admitted paper in support of contractor practice programs and project-specific placements for large construction, while also working alongside Intact's underwriting teams to provide property and builders risk solutions. Shepherd has issued more than 1,600 policies for over 630 customers, and the company says its autonomous AI underwriting platform enables pricing risk 10-to-15 times faster than traditional carriers.
Meta Platforms Inc.Partnership with Intact provides capacity and delegated underwriting authority, expanding Shepherd's casualty business.
