Fairmatic MGA Rebrands as Leeo, Enhances AI-Driven Commercial Auto Underwriting

Fairmatic, a San Francisco-based commercial auto managing general agency (MGA), has rebranded to Leeo with a strategic emphasis on enhanced underwriting, quoting speed, and transparency through AI-powered telematics and data integration. Jeffrey Chen, appointed CEO in August following the predecessor's medical-related departure, leads the company into this new phase. Leeo retains robust financial backing from venture capital and private equity investors including Battery Ventures, Foundation Capital, and Aquiline Technology Growth, reflecting strong market confidence in its innovative insurtech approach.