Last deal

$279.1M

Amount

Private Equity

Stage

08.08.2007

Date

1

all rounds

$279.1M

Total amount

General

About Company
SPARTA provides alternative risk transfer and specialty programs for US insurance market.

Industry

Sector :

Subsector :

Keywords :

Also Known As

SIC

founded date

01.01.2007

Number of employees

Company Type

For Profit

Last funding type

Private Equity

IPO status

Private

Description

SPARTA sells commercial auto, general liability, workers' compensation, and property insurance to business associations and franchises, rather than individual businesses. They offer underwriting services for various markets, including retail, wholesale, service, light manufacturing, contracting, hospitality, and transportation. Additionally, SPARTA provides alternative solutions such as captives, which are insurance companies that serve specific customer groups. They have a state-of-the-art Policy Administration System that is web-based and easily integrated into modern technology platforms, making it efficient and user-friendly. SPARTA is a provider of insurance services to the specialty and alternative risk program marketplace, offering unbundled program structures on an admitted basis for various types of commercial insurance.