Atlanta, GA – January, 26, 2022 — Accelerant, the insurtech empowering underwriters with superior risk exchange and data analytics coupled with long-term capacity commitments, has announced AM Best has reaffirmed its group A- (Excellent) rating https://news.ambest.com/PressContent.aspx?altsrc=2&refnum=31658. The A- mark is in AM Best’s Financial Size Category VIII, for companies with $100 – $250 million in adjusted policyholders’ surpluses. It also announced a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) to Accelerant Re Ltd. (Accelerant Re) (Bermuda).
“The strong independent ratings from AM Best are a testament to Accelerant’s financial strength, stability and the ability to fulfill our ongoing insurance obligations to our Members,” said Jeff Radke, CEO and cofounder of Accelerant. “We are proud to have maintained an Excellent rating and believe this is foundational to our commitment to rebuild the insurance industry from the ground up.”
Accelerant was founded in 2018 to modernize the way that underwriters share and exchange risk. Accelerant provides a unique, data-driven and technology-fueled capacity solution to managing general underwriters in the U.S. and Europe. Leveraging sophisticated data analysis of its underlying MGAs’ books of business, as well as a long-term capacity commitment, Accelerant utilizes proprietary technology that improves loss ratio performance and helps Members drive market-leading profitable growth in niche specialties.
Earlier this month, Accelerant announced it had raised a growth round of more than $190 million led by Eldridge, with participation from Deer Park, Marshall Wace, MS&AD Ventures, and others. Existing majority investor Altamont Capital Partners also participated in the round.
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ABOUT ACCELERANT
Accelerant is a data-driven, technology-fueled insurance platform that empowers underwriters to more effectively serve their insureds. We’re using advanced data intelligence tools to rebuild the way that underwriters share and exchange risk. With a current focus on the small and medium-sized businesses that power our global economy and their niche insurance needs, we align incentives to improve outcomes for everyone. Our full-service risk exchange supports our carefully selected, best-in-class network of underwriting teams. We leverage granular information on each policy to deliver unprecedented insight into insurance pools, and our specialty portfolio is fully diversified with very low catastrophe, aggregation, or systemic risk.
We’re proud to have been awarded an AM Best A- (Excellent) rating. For more information, please visit www.accelins.com.
MEDIA CONTACT
Chelsea Allison
[email protected]
312.775.2856