Ledgebrook, the AI-native specialty insurance platform, announced it has raised USD 200 million in primary equity financing co-led by Allianz X, the strategic investment arm of the Allianz Group, and Rockefeller Capital Management.

Existing and new investors also participated. Ledgebrook will use the funds to scale its technology and extend Blackbird, Ledgebrook's proprietary AI-native underwriting platform. Separately, Allianz Re has agreed to enter a multi-year reinsurance agreement with Ledgebrook.