Accelerant, an InsurTech platform that aims to empower underwriters with superior risk exchange and data analytics, coupled with long-term capacity commitments, has opened EU headquarters in Brussels.
Founded in 2018, Accelerant specialises in serving and managing a network of MGAs. Accelerant Insurance Europe S.A. was formed in 2021 with the ability to trade across the UK and EU and is regulated by the National Bank of Belgium and regulated by the Financial Services and Markets Authority. It underwrites a range of non-life classes of insurance.
The company raised an excess of $190m at a $2bn pre-money valuation at the start of this year. The round was led by Eldridge, with participation from Deer Park, Marshall Wace, MS&AD Ventures, Altamont Capital Partners, and others.
Accelerant also serves members in the US and has a reinsurance company in Bermuda.
Jeff Radke, CEO of Accelerant, said, “Since we launched Accelerant in Europe, we’ve been blown away by demand for our unique combination of data-driven insight and long-term partnership.
“We’re thrilled to continue to expand in Europe and formally open our doors in Brussels, where we hope to continue to provide our Members with the transparent partnership they deserve in order to continue driving profitable growth.”
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