Definition:Converge Insurance

🏢 Converge Insurance is a U.S. cyber-focused managing general agent and program administrator founded in 2021 and headquartered in New York City. Operating under the legal name Converge Inc. d/b/a Converge Insurance Service Solutions, the company holds surplus lines agency licenses across multiple states and serves companies nationwide with up to $1 billion in annual revenue.

💰 Funding and capacity. Converge has raised $20 million across two disclosed rounds: a $15 million Series A led by Forgepoint Capital in August 2023 and a $5 million strategic investment from QBE Ventures in March 2025. The company writes on capacity from QBE North America as its primary provider and Obsidian Insurance Group backed by a reinsurer panel, distributing through wholesale brokers, select agents, technology provider partnerships, and API products.

📦 Products and technology. The flagship ConvergeElements policy offers primary and excess cyber coverage, while ConvergeConnect provides primary coverage through technology partner channels with behind-the-firewall data access. Converge operates a proprietary AI-powered underwriting and claims platform and bundles cybersecurity services including vCISO support, NIST-aligned incident response planning, and risk remediation roadmaps alongside its insurance offerings.

Related concepts:

• Definition:Cyber insurance
• Definition:Managing general agent (MGA)
• Definition:Program administrator
• Definition:Insurtech
• Definition:Surplus lines
• Definition:Aggregation risk