Reinsurance News
Accelerant
Insurers to benefit from Accelerant’s risk management platform as it launches to the public
1st November 2024
Accelerant, a services & data platform for the specialty insurance market, has announced the public launch of app.accelerant.ai, a revolutionary digital platform with enhanced artificial intelligence (AI) capabilities. Insurers and risk capital partners can now harness the same powerful tools to optimise risk management and drive superior underwriting results that Accelerant’s ... Read the full article
Compre completes $150m legacy reinsurance transaction with Accelerant
22nd August 2024
Compre Group Holdings Limited, a reinsurance group based in Bermuda, announced the completion of a legacy reinsurance transaction with Accelerant, a data-driven risk exchange. This transaction received approval from the Bermuda Monetary Authority. Underwritten by Compre’s Bermuda-based reinsurer, Pallas Reinsurance Company Ltd., the deal provides approximately $150 million in coverage for ... Read the full article
Conifer reveals commercial lines capacity partnership with Accelerant
5th April 2024
Conifer Holdings, Inc. has announced the commencement of a capacity relationship with data-driven risk exchange Accelerant. Conifer explained that by leveraging Accelerant's Risk Exchange, it aims to improve risk assessment and thus enhance its underwriting process to deliver tailored specialty insurance products to its niche commercial clients. Nick Petcoff, CEO of Conifer, ... Read the full article
Accelerant appoints Gabriella Engstrand as Head of Distribution – Europe
14th November 2023
Data-driven risk exchange Accelerant has appointed Gabriella Engstrand as Head of Distribution - Europe. The firm describes Engstrand as a business development executive with 17 years of experience in insurance. She most recently served as the European Head of Broker Distribution for Lloyd’s of London, where she led the implementation of the ... Read the full article
Accelerant expands to Canada with Omega Insurance acquisition
18th October 2023
Insurtech Accelerant has announced its expansion into the Canadian market through the acquisition of Omega Insurance Holdings, Inc. from Till Capital Ltd. Omega, based in Toronto, offers property and casualty insurance coverage. It also offers short-tail property insurance and reinsurance, caters to small-sized to medium-sized insureds, and reinsures smaller insurance companies. IRead the full article
Accelerant expands presence to Canada through acquisition of Omega Insurance
16th October 2023
Insurtech firm Accelerant is set to expand its presence into the Canadian market through the acquisition of Omega Insurance Holdings, Inc., from Till Capital Ltd. Omega Insurance Holdings offers secure, innovative and customized solutions for re/insurers entering and exiting the Canadian insurance market. Jeff Radke, CEO and co-founder of Accelerant, commented: “Accelerant’s entry ... Read the full article
Accelerant provides capacity to Rainbow’s new BOP for the restaurant industry
5th October 2023
Rainbow launches an annual term Business Owner's Policy (BOP) tailored to the restaurant industry, entering the admitted commercial multi-peril market with capacity through insurtech Accelerant. The company's digital insurance products are available to independent agents and brokers through direct appointment, or via participating digital partners. Rainbow’s BOP is to provide agents and ... Read the full article
Accelerant reportedly assessing IPO or private share sale
25th July 2023
Insurtech Accelerant is planning to raise new capital in 2024 in a deal that could result in the firm making its debut on the stock market, its CEO and co-founder reportedly told Reuters. Accelerant Chief Executive Jeff Radke disclosed to Reuters that the firm raised $150 million in December from investors ... Read the full article
Accelerant launches Risk Exchange platform to support specialty underwriters
22nd June 2023
Insurtech firm Accelerant has announced the launch of its Risk Exchange platform to further support specialty underwriters and drive market-leading, profitable growth. According to the announcement, The Accelerant Risk Exchange, now in beta, is available to Member specialty underwriters, insurers, and risk capital partners. The firm noted that the platform connects specialty ... Read the full article
The insurance industry is not making fast enough progress on AI, Accelerant’s Wentworth
1st March 2023
In an interview with Reinsurance News, Heather Wentworth, Chief Data Officer at Accelerant, has suggested that the insurance industry as a whole is not “making enough progress” to get the data needed to successfully use artificial intelligence (AI) technology — which she argues will be transformative for the ecosystem. AI and ... Read the full article
Accelerant adds Paul Little to its Board of Directors
14th December 2022
Insurtech Accelerant names Protecdiv COO Paul Little to Board of Directors. Little brings more than three decades of leadership and management experience in the insurance, reinsurance and risk analytics industries, towards the role Previously, Little founded and served as President of Maxfield Risk Consulting, where he specialized in risk management and analytics ... Read the full article
Accelerant names Jay Green as new global CFO
21st October 2022
Insurtech firm Accelerant has hired Jay Green to be its new global chief financial officer. Green will begin in his new role at the start of November and will lead the company’s worldwide financial planning and analysis as well as investor relations and capital markets. He joins from Goldman Sachs, where he ... Read the full article
Accelerant hires Pete Horst as Chief Technology Officer
14th September 2022
Insurtech platform Accelerant has appointed Pete Horst as its new Chief Technology Officer (CTO). Within this role, he will lead functions spanning Accelerant’s proprietary data and technology platform that helps Members better understand risk, benefit from insights, and handle operational and regulatory complexity. Most recently, Horst served as Vice President of Engineering ... Read the full article
Insurtech Accelerant launches $175mn reinsurance sidecar vehicle
24th August 2022
Insurtech platform Accelerant has launched a new $175 million sidecar investment vehicle, called Flywheel Re. The new sidecar will provide multi-year risk capital to Accelerant and its cohort of underwriting-led specialist members. Goldman Sachs & Co. LLC served as exclusive placement agent to Accelerant and Sidley Austin LLP acted as legal counsel. Founded ... Read the full article
Accelerant sets up Brussels office
16th June 2022
Insurtech platform Accelerant has announced the establishment of a new EU headquarters in Brussels, as it continues to target expansion in Europe. Founded in 2018, Accelerant specializes in serving a network of managing general agents (MGAs). Accelerant Insurance Europe S.A. was formed in 2021 with the ability to trade across the UK ... Read the full article
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