Accelerant raises $150 million

According to a report by Bloomberg, Barings LLC, a global investment firm owned by MassMutual, is leading a $150 million investment in Accelerant, valuing the insurance company at $2.4 billion.

Last year, the Atlanta-based company, which connects underwriters with capacity providers, has raised ~$190 million at a $2 billion pre-money valuation.

Accelerant Holdings has also announced the launch of its Risk Exchange to further support specialty underwriters. The exchange offers access to risk capital – from institutional investors and insurance companies, as well as underwriting and portfolio management solutions.

“At the end of the day, our Members succeed when they are able to pursue all of the opportunities available in their markets. That’s only possible when they have full data transparency, great analytics for underwriting — and long-term capacity. That’s why we’re proud to unveil the Risk Exchange, which represents an important part of delivering prearranged capacity solutions for all of their business – current and future. By enabling our Members to access a number of different capacity providers along with Accelerant to best match the opportunity, our aim is that Accelerant Members never have to worry about capacity again.” – Jeff Radke, CEO and co-founder of Accelerant.