Accelerant partners with WoodStar

Accelerant has partnered with newly formed reciprocal insurer WoodStar Reciprocal Exchange, which will provide dedicated underwriting capacity exclusively through the Accelerant Risk Exchange.

WoodStar Reciprocal Exchange was launched with more than $220 million in capital and surplus notes from third-party investors, including KKR-backed Kilter Finance and funds managed by Blue Owl Capital, and has received an A- (Excellent) financial strength rating from AM Best. Accelerant said it has no ownership stake in WoodStar but will provide underwriting, distribution, claims, and other services under contractual agreements.

WoodStar is expected to begin writing meaningful direct business on the Accelerant Risk Exchange in 2027.

“WoodStar is another step forward for our platform. We continue to develop attractive structures for institutional investors and other risk capital providers to partner with the Accelerant Risk Exchange and support our growing Member base.” – Jeff Radke, CEO of Accelerant.

“We have been impressed by Accelerant’s underwriting capabilities, deep MGA network, and differentiated approach to aligning risk and capital. We are excited to be partnering with the Accelerant Risk Exchange through WoodStar.” – Dan Knipe, CIO of Kilter Finance.

“This innovative solution is another demonstration of Kilter’s insurance sector expertise.” – Charles Lens, Managing Director of Kilter Finance.

“We are excited to support WoodStar, a structure designed for long-term, capital-efficient growth. We look forward to providing capital to meet the risk management needs of a diversified group of small and medium sized US businesses together with the Accelerant Risk Exchange.” – Bharath Subramanian, Managing Director at Blue Owl Capital.