What DOXA does

DOXA is a specialty insurance platform founded in 2016 and headquartered in Fort Wayne, Indiana, that aggregates and operates a portfolio of managing general agents (MGAs) and managing general underwriters (MGUs) under a single community-of-excellence structure. The platform currently spans 30+ specialty insurance programs and 240+ coverage types across verticals including healthcare, real estate, construction, transportation, aviation, marine, sports, professional liability, and prize indemnity, distributed through 20,000+ agent and broker partnerships across all 50 U.S. states. DOXA is privately held and backed by Goldman Sachs Alternatives, with wholly-owned operating subsidiaries including DOXA E&S Solutions, DOXA Programs, DOXA Professional Liability, DOXA Alternative Risk Management, Marine Underwriters of America, and Prize Indemnity Holdings, alongside recently acquired Jupiter Underwriting Group (specialty casualty) and Eaton Gate Group (UK commercial MGU).

The business operates three coordinated go-to-market motions. First, for agents and brokers, DOXA offers a single Universal Business Agreement (UBA) that unlocks access to all specialty programs and underwriting decision-makers directly, bypassing traditional wholesale intermediaries. Second, for MGA/MGU owners, DOXA acquires established firms while preserving their leadership, culture, and brand, layering on back-office support, carrier relationships, and capital for succession or growth. Third, for carriers, DOXA provides consolidated access to vetted specialty underwriting talent and unified governance and reporting through a single platform relationship. Revenue is generated through MGU underwriting fees, premium-based commissions and profit-sharing with carrier partners, and brokerage commissions on risks placed outside exclusive programs.

DOXA's 2026 activity signals an intensification of inorganic and product-led growth. In March 2026, the company launched DOXA Transactional, a new program offering Representations and Warranties and Tax Liability insurance for M&A and corporate transactions, with international expansion planned after a mid-2026 U.S. launch. In April 2026, DOXA completed three acquisitions: Jupiter Underwriting Group (specialty casualty umbrella and excess liability), American Hole 'n One (prize indemnity), and Eaton Gate Group (the UK's largest independent commercial MGU serving 50,000+ clients, marking DOXA's first UK entry). These moves are supported by approximately $425.7M in funding raised in January 2024 and an executive team that includes a dedicated Chief Corporate Development Officer (Minas Kourouglos). AI is embedded in underwriting, claims, and document workflows as an augmentation layer, including NLP summarization, computer vision for claims triage, and predictive analytics for risk assessment, though it is positioned as supporting rather than replacing human underwriters.

Name

DOXA

Legal name

DOXA Insurance Holdings LLC

Website

https://doxa.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

501–1,000 employees

Short description

DOXA is a specialty insurance MGA/MGU platform backed by Goldman Sachs Alternatives, operating 30+ specialty programs and 240+ coverage types through 20,000+ agent and broker partnerships across all 50 U.S. states, with recent UK expansion via the Eaton Gate Group acquisition.

Ownership category

akta.pro rank

Product category

Specialty Insurance Underwriting

NAICS

Management Consulting Services (54161)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

• Specialty insurance underwriting
• Managing general agent platform
• Excess surplus insurance
• Insurance brokerage services
• MGA MGU acquisitions

Headquarters

HQ city

Fort Wayne

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Managing General Underwriting Fees: DOXA earns revenue through managing general underwriter arrangements with insurance carriers, collecting fees for underwriting, program management, and delegated authority services across its portfolio of specialty insurance programs.
2. Premium-Based Revenue: As an MGA/MGU platform, DOXA generates revenue by underwriting specialty insurance premiums through its acquired and operated programs, earning commissions and profit-sharing arrangements with carrier partners.
3. Brokerage Services: DOXA's brokerage arm places risks that fall outside its exclusive programs, earning commissions on placed business for agents seeking coverage for particularly niche or emerging risks.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

DOXA operates a specialty insurance platform that acquires, partners with, and launches managing general agents (MGAs) and managing general underwriters (MGUs), offering 16+ specialized underwriting programs and 240+ coverage types to independent agents and brokers through a single Universal Business Agreement (UBA). The platform provides back-office support, capital, carrier access, and operational infrastructure to MGA/MGU owners while preserving their culture and leadership, and offers entrepreneurial underwriters resources to launch new specialty programs.

Product overview

DOXA is a specialty insurance MGA/MGU platform operating a community-of-excellence model that brings together 30+ specialized MGAs and MGUs under one unified infrastructure. The platform serves three primary segments: (1) established MGA/MGU owners seeking amplification through back-office support, marketing, and capital while preserving their culture; (2) entrepreneurial underwriters launching new specialty programs with access to startup capital, carrier relationships, and operational resources; and (3) agents and brokers accessing specialty coverage through a single Universal Business Agreement (UBA). The portfolio spans diverse specialty lines including Healthcare, Real Estate & Property, Professional Liability, Skilled Trades & Construction, Sports & Recreation, Aviation, Marine, Transportation & Trucking, Church, Student, Group Benefits, and Nonprofit. Key acquired brands include DOXA E&S Solutions, DOXA Programs, DOXA Professional Liability, DOXA Alternative Risk Management, Marine Underwriters of America, Prize Indemnity Holdings, and various program divisions. Recent acquisitions include Jupiter Underwriting Group (specialty casualty) and Eaton Gate Group (UK market entry). DOXA Brokerage handles risks outside exclusive programs. DOXA Transactional (launched March 2026) covers transactional risk for M&A.

Differentiator

Problem solved

Functional benefit

Products and services

• MGA/MGU Ownership and Amplification Platform Platform enabling established MGA and MGU owners to partner with DOXA and receive back-office support, marketing resources, carrier relationships, and access to capital for growth or succession while preserving their culture, team, and leadership.
• MGA/MGU Startup Platform Platform providing entrepreneurial underwriters with capital, carrier access, and operational support including underwriting, product development, sales, marketing, technology, claims, and finance functions to launch and scale specialty insurance programs.
• 30+ Specialty Insurance Programs A portfolio of specialty insurance programs spanning Healthcare, Real Estate and Property, Professional Liability, Skilled Trades and Construction, Sports and Recreation, Event, Entertainment and Vendor, Ground Transportation and Trucking, Aviation, Marine, Church, Student, Group Benefits, and Nonprofit sectors.
• DOXA Brokerage Wholesale brokerage services for placing risks that fall outside of DOXA's exclusive programs, ensuring agents have access to coverage for complex or emerging client needs.
• DOXA Transactional Underwriting program offering Representations and Warranties insurance and Tax Liability insurance for mergers and acquisitions and corporate transactions, targeting private equity sponsors and strategic acquirers.
• KidGuard Insurance

Quantifiable outcome

• Quotes often provided within a day
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Eaton Gate GroupcoreStrategic or Co-development Partner · 21 April 2026DOXA acquired Eaton Gate Group from European alternative credit specialist NorthWall Capital, marking DOXA's first acquisition in the UK insurance market. Eaton Gate is the UK's largest independent commercial MGU, serving over 50,000 clients and specializing in SME commercial and mid/high-net-worth insurance. The transaction, subject to regulatory approvals, is expected to complete in H2 2026 and represents DOXA's entry into the UK mid-market commercial space.
• Jupiter Underwriting GroupcoreStrategic or Co-development Partner · 2 April 2026DOXA acquired Jupiter Underwriting Group, a Florida-based MGA specializing in admitted umbrella and follow-form excess liability coverage. Jupiter was founded in 2019 and continues to operate under DOXA with its leadership team (founders David Folkes and Dennis Burton) remaining in place. The acquisition supports DOXA's 2026 growth strategy to expand its specialty casualty portfolio and resources across various sectors including construction, hospitality, and real estate.
• Insurance Carriers (Admitted and E&S)coreChannel Partner/ Reseller/ DistributorDOXA partners with both admitted and E&S carriers to provide capacity for its specialty insurance programs. These carrier partnerships enable DOXA to offer coverage across its portfolio of 30+ specialty programs.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Acrisure: PE-backed insurance brokerage and MGA platform built through aggressive acquisitions. Closely parallels DOXA's Goldman Sachs-backed strategy of consolidating specialty insurance distribution and underwriting capacity, though broader in product mix.
• Risk Placement Services (RPS): Wholesale specialty insurance distributor and MGA platform serving retail agents. Direct competitor to DOXA in providing agents with access to specialty underwriting expertise and exclusive programs.
• Amwins: Large specialty insurance wholesaler and MGA operator with deep relationships across E&S lines. Comparable to DOXA in specialty underwriting expertise and program management, but operates through more traditional wholesale distribution channels.
• Ryan Specialty: Publicly traded specialty insurance platform founded by Patrick Ryan that has built a leading wholesale brokerage and MGA acquisition strategy. Most directly comparable to DOXA in operating model, MGA roll-up approach, and specialty program focus, though at much larger scale.
• CRC Group: Wholesale specialty insurance broker and MGA platform with strong E&S market presence. Directly comparable in serving specialty agents and brokers seeking hard-to-place coverage across multiple verticals.
• Burns & Wilcox: Specialty insurance wholesale broker and underwriting manager owned by H.W. Kaufman Group. Comparable MGA/underwriting manager model focused on specialty and surplus lines coverage distribution.

Emerging players

• Skyward Specialty Insurance Group: Publicly traded specialty insurer and MGA platform with comparable E&S and specialty program strategy. Slightly different business model (carrier + MGA) but overlapping specialty verticals.
• Accelerant: Tech-enabled specialty insurance platform connecting MGAs with carrier capacity through data analytics. Comparable community-of-MGAs concept though focused more on capacity exchange than MGA acquisition.

Broad incumbents

• Arthur J. Gallagher: Major global insurance brokerage and risk management firm with significant specialty/wholesale operations including managing underwriting operations. Overlaps with DOXA in serving specialty agents but at much broader scale and scope.
• Marsh McLennan: Global professional services firm with substantial specialty insurance operations including MGA-like underwriting activities. Touches DOXA's space through wholesale brokerage and program management at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/doxainsurance
• LinkedInlinkedin.com/company/about

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries12 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DOXA