Accelerant, an InsurTech aiming to empower underwriters with risk exchange, data analytics and long-term capacity commitments, has named Pete Horst as chief technology officer.
Founded in 2018, Accelerant specialises in serving and managing a network of MGAs. The company uses advanced data intelligence tools to rebuild the way that underwriters share and exchange risk.
Accelerant Insurance Europe 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.
Horst will lead Accelerant’s global platform strategy and development.
As software executive who excels at leveraging technology, Horst most recently served as vice president of engineering for business analytics platform Qlik, where he brought their platform to the cloud as an Enterprise SaaS offering. Before that, Horst held software development and engineering roles at IBM and Cognos.
Horst will lead functions spanning Accelerant’s proprietary data and technology platform that helps Members better understand risk, benefit from insights, and handle operational and regulatory complexity.
Jeff Radke, CEO and co-founder of Accelerant, said, “Accelerant at its core is a data and technology company. We are thrilled to welcome Pete to our team to lead our risk exchange initiatives to meet the needs of our Members and risk capital partners. His expertise and strategic partnership will expand our industry leadership, authority and vision as we explore new frontiers.”
Earlier this year, Accelerant opened an EU headquarters in Brussels. Speaking at the time, 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.”
The company also 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.
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