Accelerant Holdings acquires Agribusiness Risk Underwriters
London-based underwriter Accelerant announced the acquisition of Agribusiness Risk Underwriters (ARU).
ARU was founded in 2016 in Winston-Salem, N.C., to harness fundamental scientific principles, granular weather metrics, progressive technology, and niche expertise to disrupt the legacy farm/ag marketplace. ARU’s mission is to provide a superior experience to policyholders, while maintaining a sustainable and profitable risk portfolio writing underserved classes of business. To accomplish this, ARU builds and distributes proprietary insurance products, invests in loss prevention engineering and research, and focuses on collaborative broker and policyholder relationships, facilitating shared victories for all stakeholders. ARU supports a diverse network of wholesale and retail brokers, providing insurance and loss control services to approximately 1,000 American farms and farm family policyholders.
“Poultry farmers play a crucial role in the day-to-day lives of hundreds of millions of people across the globe, yet this vital industry has not received its fair share of insurance innovation,” said Jeff Radke, CEO of Accelerant. “At Accelerant, we believe serving niche needs in a superior way demands laser focus, deep sector expertise, progressive technology, and better data that enables enhanced risk exchange. Since its founding, ARU has distinguished itself with best-in-class products, underwriting, loss control, and technology, which are emblematic of the excellence Accelerant seeks in underwriting partners. ARU CEO Will Johnson is a third-generation insurance professional, continuing the legacy of a North Carolina family with a sterling reputation in the insurance business. Will and the rest of the ARU team have established themselves as the modern thought leaders in the poultry farm insurance space, and we are thrilled to bring their expertise to the Accelerant platform.”