Filing fees $ 402.00 receipt number AFLSDC-16529195, filed by Accelerant Specialty Insurance Company. "The need for this service in the U.S. market is as great as it is in the UK and European markets, and we're excited to provide our future MGA members with an alternative to the conflicts, bureaucracy and short-term commitments inherent with traditional capacity solutions. Life insurance. For more information, please visit www.accelins.com. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings. This web site needs javascript enabled to work properly. Catherine Thomas, CFA In time, Accelerant plans to establish a Bermuda-based internal reinsurer to assist in centralising capital within the group. +44 20 7397 0281 By signing up you agree to receive content from us. Insurance ratings actions: S&P downgrades Aspen Insurance, APCO Press Release A.M. Best Rating Services, Inc. Cayman Islands Insurance Property And Casualty Insurers Issuer Credit Rating Managing General Agent Best's Credit Rating Action Rating Event. "Our team has a keen understanding ofthe need for Accelerant's approach of bringing differentiated technology, a seasoned, forward-thinking team, and well-capitalized, A-rated paper to best of breed MGAs. Travel insurance. Latest Insurance Research SEE ALL RESEARCH & INSIGHTS. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings. 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.. U.S. and Canada Please enable it to use . The company's filing status is listed as Good Standing and its File Number is 811259236. income protection. Leveraging sophisticated data analysis of its underlying MGAs' books of business,as well as a long-term capacity commitment, Accelerant utilizes technology to improve loss ratio performance and enable its partners to grow continually and profitably. We use cookies and similar technologies to recognize your repeat visits and preferences, as well as to measure the effectiveness of campaigns and analyze traffic. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. Rich Koehler, John Willemsen, Hugh Burgess, and the rest of the teamare seasonedinsurance industry veterans,who will be significant contributors to the dual mandate of helping Accelerant build a market-leading business in the U.S. whileenabling our MGA members' success. U.K. business will be written by a third-country branch of the Maltese entity. Headquartered in the United States, the company does business in. The company will benefit from common management with the rest of the group: explicit and implicit financial support, including capital commitments and reinsurance; and operational support. About Accelerant HoldingsAccelerant Holdings is an underwriting group that specializes in serving a carefully selected and managed network of Member MGAs in Europe and the U.S. Accelerant has an established strategy and a powerful customer value proposition, executed by a proven management team, utilizing seasoned relationships to create and control an attractive insurance portfolio serving small and medium-sized enterprises. The outlook assigned to these Credit Ratings (ratings) is stable. Thats why we provide long-term commitments and invest in your growth. Year established: 2000. NEWS; 05/29/2023; The ratings of Accelerant Insurance Limited (AIL) (Malta) have been withdrawn following the surrender of the companys licence, with AIE becoming the groups primary carrier for business from the United Kingdom and the European Union. LONDON and ATLANTA, Dec. 21, 2020 /PRNewswire/ -- Accelerant Holdings ("Accelerant" or the "Company"), an underwriting group that specializes in serving a carefully selected and managed. LONDON, April 27, 2023 -- ( BUSINESS WIRE )-- AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of "a-" (Excellent) of Accelerant Insurance Europe SA (AIE) (Belgium),. Primarily focusing on low volatility, small commercial business, Accelerant is highly underwriting-driven and retains a significant share of gross written premium in order to properly align incentives with both its MGA and reinsurance partners. Business Insurance, Risk Management & Consulting - Gallagher UK /ratings/en/sector/insurance/insurance-sector AM Best Assigns Credit Ratings to Accelerant Re (Cayman) Ltd.; Affirms It also announced a Long-Term Issuer Credit Rating (Long-Term ICR) of a- (Excellent) to Accelerant Re Ltd. (Accelerant Re) (Bermuda). The group has a senior management team in place that has extensive experience in MGA management and in the reinsurance industry. View 2021 SFCR. More than data. The Registered Agent on file for this company is C T Corporation System and is located at 289 S Culver St, Lawrenceville, GA 30046. The group, which is backed by a EUR 100 million capital commitment from private equity firm, Altamont Capital Partners, has established Accelerant EU as a vehicle to retain insurance risk within the group. catherine.thomas@ambest.com Senior Financial Analyst The business was previously valued at $2.2 billion following an investment last year led by Todd Boehlys Eldridge, with participation from MS&AD Ventures, Altamont Capital Partners and Deer Park. The group also offers underwriting, claims handling and analytical support to MGAs. Homepage - Accelerant ACCELERANT NATIONAL INSURANCE COMPANY is a Georgia Foreign Insurance Company filed on January 3, 2003. The firm's principals have significant experience building business success stories across a range of industries, including financial services, healthcare, consumer/retail, industrials, and business services. 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We provide you with a single point of contact, so there is no bureaucracy to navigate or answers to chase. Accelerant provides insurance capacity to managing general agents (MGAs) and has been in operation since January 2019. LONDON--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to Accelerant Insurance Europe Limited (AIEL) (Belgium). Oldwick //BestWire// - AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" to Accelerant Specialty Insurance Company (ASIC) (Little Rock, AR). This press release relates to Credit Ratings that have been published on AM Bests website. The group, which is backed by capital from Altamont Capital Partners, a private equity firm, has established carriers in Europe and the United States as vehicles to retain insurance risk. Accelerant Insurance Europe - Accelerant Accelerant's new Malta insurance subsidiary gets rated Policy, #2 Civil Cover Sheet, #3 Summon(s))(Davant, Charles) Access additional case information on PACER. Accelerants forecast performance is reliant on its ability to source MGA partners in order to gain scale, and the underlying performance of its MGA portfolio. the full functionality of the web site. Markets never sleep, and neither does Bloomberg News. Jim Peavy Contact details: 0345 030 7041. LONDON and ATLANTA, Dec. 21, 2020 /PRNewswire/ -- Accelerant Holdings ("Accelerant" or the "Company"), an underwriting group that specializes in serving a carefully selected and managed network of member managing general agencies ("MGAs"),today announced its expansion into the U.S.market, as well as AM Best's re-affirmation of its group A- (Excellent) rating. The group also offers underwriting, claims handling and analytical support to MGAs. This case was filed in U.S. District Courts, Florida Southern District Court. MEDIA CONTACT: Jonathan Keehner, Kate Thompson, Julia SottosantiJoele Frank, Wilkinson Brimmer Katcher212-355-4449Accelerant-JF@joelefrank.com, View original content to download multimedia:http://www.prnewswire.com/news-releases/accelerant-announces-entry-into-us-market-and-expansion-of-am-best-group-a--excellent-rating-301196899.html, Plus500. catherine.thomas@ambest.com, Christopher Sharkey Company Assessments ; Cyber Risk Solutions ; . For more information, please visit http://accelins.com/ 1 Tollgate Business Park, Tollgate West, Colchester CO3 8AB +44 (0) 800 048 9809 contact@accelins.com Address One Fleet Place London Greater London EC4M 7WS UK www.accelins.com07766496951 Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Phone Number: N/A Company Address: 400 Northridge Rd. AM Best Assigns Credit Ratings to Accelerant Specialty Insurance Company December 21, 2020 11:56 AM Eastern Standard Time OLDWICK, N.J.-- ( BUSINESS WIRE )-- AM Best has assigned a Financial. We deliver an increasingly diversified, low volatility portfolio of risk to our risk capital partners. This web site needs javascript enabled to work properly. William Keen-Tomlinson, ACA +1 908 439 2200, ext. ET. Accelerant Acquires Commonwealth Insurance Company of America and AM Best expects Accelerant to maintain the strongest level of consolidated risk-adjusted capitalisation, as measured by Bests Capital Adequacy Ratio (BCAR), over the five-year period from 2020 to 2024, taking into account AM Bests additional capital requirements for new company formations. Were using advanced data intelligence tools to rebuild the way that underwriters share and exchange risk. The group rating is inclusive of both its existing Malta-based carrier, Accelerant Insurance Limited, as well as its newly established carriers in Belgium, Accelerant Insurance Europe Limited, and Arkansas, Accelerant Specialty Insurance Company ("ASIC"). The outlook of these Credit Ratings Sign up to get PRNs top stories and curated news delivered to your inbox weekly! Since then, Altamont has provided additional equity to Accelerant to fund the capitalization of its carriers in Europe and the U.S. "Since our founding, we've maintained a strongfocuson providingbest-in-class MGAs with a low stress, high value relationship that deliverspredictable, long-term capacity and a responsive, collaborative approach," said Jeff Radke, CEO of Accelerant. We form lifelong partnerships with our clients and underwriters which, when combined . 3. Ratings Saudi Football League Open to Foreign Private Equity Deals, Nigerias Soaring Stock Market Rally Is Being Driven By Banks, Fed Minutes to Offer Hints on Awkward Pause-and-Hike Message, Ukraine Inches Toward Lifting Wartime FX Limits to Spur Economy, Singapores Central Bank Says Inflation Fight Isnt Over Yet, Global Central Banks Set to Diverge on Rates as Stubborn Inflation Stalks Fed, ECB, Chinas BYD Joins Latin AmericaLithium Rush to Feed Electric-Car Switch, Metas Threads Hasnt Appeared in EU App Stores Ahead of Launch, Apple Infringed Essential Mobile Tech Patents, UK Court Rules, Biden Administration Ordered to Limit Social Media Contacts, US to Curb China Access to Cloud Services Like Amazon, WSJ Says, Will AI Take My Job? With our long-term investment horizon, we look forward to continuing to support Accelerant's growth in both the U.S., U.K.and Europe.". It also affirmed the FSR of A- (Excellent) and the long-term ICR of "a-" (Excellent) of Accelerant .
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