Insurance Platform Accelerant Launches $175M Sidecar Investment Vehicle


ATLANTA–(BUSINESS WIRE)–Acceleratorthe insurtech platform offering underwriters superior risk exchange, advanced data analytics and long-term capacity commitments, today announced a new $175 million sidecar, Flywheel Re. Flywheel will provide multi-year venture capital to Accelerant and its underwriting-led core membership.

“We are excited to launch Flywheel and implement it on behalf of our members,” said Jeff Radke, CEO and Co-Founder of Accelerant. “This is a natural extension of the work we have done to support specialist underwriters with additional capacity. But it also marks an important milestone in our journey as a company and for the insurance industry as a whole. We are now expanding our reach and diversifying our sources of capital alongside the traditional reinsurance market by bringing our low volatility commercial risk portfolio to institutional investors in an innovative structure that effectively supports our members’ growth.

Accelerant was founded in 2018 to rebuild the way underwriters share and trade risk. Accelerant works with its subscription-focused members to drive market-leading profitable growth in niche specialties. Flywheel’s long-term structure is radically different from typical historic catastrophe-focused sidecars, an approach that continues to distinguish Accelerant as an innovator for achieving better results in the insurance industry.

Goldman Sachs & Co. LLC served as exclusive placement agent for Accelerant and Sidley Austin LLP acted as legal counsel.

ABOUT ACCELERANT

Accelerant is a data-driven, technology-powered insurtech that empowers insurers with superior risk exchange, advanced data analytics and long-term capacity commitments. Our full-service risk exchange supports our carefully selected, top-notch network of underwriting teams. We leverage granular information about each policy to provide unprecedented insight into insurance pools, and our specialized portfolio is fully diversified with very low catastrophe, aggregation or systemic risk. We are proud to have received an AM Best A- (Excellent) rating. For more information, please visit www.accelins.com.

Previous How to Build Your Investment Portfolio 101
Next Insurance Platform Accelerant Launches $175 Million Sidecar Investment Vehicle Flywheel | Company