Latest news with #Accelerant
Yahoo
4 days ago
- Business
- Yahoo
AM Best Assigns Credit Ratings to Accelerant Re I.I.; Affirms Credit Ratings of Accelerant Holdings' Rated Subsidiaries
OLDWICK, N.J., June 04, 2025--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" (Excellent) to Accelerant Re I.I. (ARPR) (Puerto Rico). The outlook assigned to these Credit Ratings (ratings) is stable. Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICRs of "a-" (Excellent) of Accelerant Insurance Europe SA (AIE) (Belgium), Accelerant Insurance UK Limited (AIUK) (United Kingdom), Accelerant Specialty Insurance Company (ASIC) (Little Rock, AR), Accelerant National Insurance Company (ANIC) (Wilmington, DE), Accelerant Insurance Company of Canada (AIC) (Canada) and Accelerant Re (Cayman) Ltd. (ARKY) (Cayman Islands). The companies are wholly owned subsidiaries of Accelerant Holdings (Accelerant), a non-operating holding company in the Accelerant group. The outlook of these ratings is stable. The ratings reflect the consolidated balance sheet of Accelerant's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. In AM Best's view, AIE, AIUK, ASIC, ANIC, AIC, ARKY and ARPR are strategically important to, and integrated within, Accelerant. AIE, AIUK, ASIC, ANIC and AIC play key roles in the group's strategy of providing insurance capacity to managing general agents (MGA) in the United Kingdom, the European Union and North America. ARKY and ARPR are reinsurers and are strategically important to the group's reinsurance and capital management strategy. Accelerant's licensed (re)insurance carriers benefit from capital maintenance agreements with the holding company. Accelerant's balance sheet strength assessment is supported by consolidated risk-adjusted capitalization at the strongest level, as measured by Best's Capital Adequacy Ratio (BCAR), and further complemented by additional supportive qualitative and quantitative factors, such as adequate net underwriting leverage, favorable financial flexibility and its conservative investment strategy. Limiting factors include heavy reliance on reinsurance through its low retention; however, the group has a record of accessing reinsurance partners of excellent credit quality, and has significantly diversified its reinsurance panel since launch, reducing dependence on any single partner. The group is expected to achieve consistent positive results in the near-to-medium term now that sufficient operating scale has been achieved. Accelerant has been substantially growing its top-line premium since its incorporation, with the business provided by its partner MGAs running at healthy average loss ratios, as per expectations. Operating performance is supported by the group's agency business, which is the main contributor to the overall operating results. The group predominately sources its earnings from a steady distribution of commissions and fees, and the group's underwriting results continue to improve. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Michael Cantalino Senior Financial Analyst +1 908 882 2243 Jacqalene Lentz Senior Director +1 908 882 2011 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
4 days ago
- Business
- National Post
AM Best Assigns Credit Ratings to Accelerant Re I.I.; Affirms Credit Ratings of Accelerant Holdings' Rated Subsidiaries
Article content OLDWICK, N.J. — has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of 'a-' (Excellent) to Accelerant Re I.I. (ARPR) (Puerto Rico). The outlook assigned to these Credit Ratings (ratings) is stable. Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICRs of 'a-' (Excellent) of Accelerant Insurance Europe SA (AIE) (Belgium), Accelerant Insurance UK Limited (AIUK) (United Kingdom), Accelerant Specialty Insurance Company (ASIC) (Little Rock, AR), Accelerant National Insurance Company (ANIC) (Wilmington, DE), Accelerant Insurance Company of Canada (AIC) (Canada) and Accelerant Re (Cayman) Ltd. (ARKY) (Cayman Islands). The companies are wholly owned subsidiaries of Accelerant Holdings (Accelerant), a non-operating holding company in the Accelerant group. The outlook of these ratings is stable. Article content The ratings reflect the consolidated balance sheet of Accelerant's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. Article content In AM Best's view, AIE, AIUK, ASIC, ANIC, AIC, ARKY and ARPR are strategically important to, and integrated within, Accelerant. AIE, AIUK, ASIC, ANIC and AIC play key roles in the group's strategy of providing insurance capacity to managing general agents (MGA) in the United Kingdom, the European Union and North America. ARKY and ARPR are reinsurers and are strategically important to the group's reinsurance and capital management strategy. Accelerant's licensed (re)insurance carriers benefit from capital maintenance agreements with the holding company. Article content Accelerant's balance sheet strength assessment is supported by consolidated risk-adjusted capitalization at the strongest level, as measured by Best's Capital Adequacy Ratio (BCAR), and further complemented by additional supportive qualitative and quantitative factors, such as adequate net underwriting leverage, favorable financial flexibility and its conservative investment strategy. Limiting factors include heavy reliance on reinsurance through its low retention; however, the group has a record of accessing reinsurance partners of excellent credit quality, and has significantly diversified its reinsurance panel since launch, reducing dependence on any single partner. Article content The group is expected to achieve consistent positive results in the near-to-medium term now that sufficient operating scale has been achieved. Accelerant has been substantially growing its top-line premium since its incorporation, with the business provided by its partner MGAs running at healthy average loss ratios, as per expectations. Operating performance is supported by the group's agency business, which is the main contributor to the overall operating results. The group predominately sources its earnings from a steady distribution of commissions and fees, and the group's underwriting results continue to improve. Article content This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Article content Article content Article content Article content Article content Contacts Article content Michael Cantalino Article content Article content Senior Financial Analyst Article content Article content +1 908 882 2243 Article content Article content Article content Jacqalene Lentz Senior Director +1 908 882 2011 Article content
Business Wire
22-04-2025
- Business
- Business Wire
Accelerant Risk Exchange Adds QBE and Tokio Marine America to Expanding Network
ATLANTA--(BUSINESS WIRE)-- Accelerant, a leading technology company operating a data-driven risk exchange platform for the specialty insurance market, today announced the addition of prominent new capital partners to its ecosystem. These partners include QBE, one of the top 20 global insurance and reinsurance companies, and Tokio Marine America, offering comprehensive commercial property and casualty insurance across all states and a member of the global Tokio Marine Group. This expansion significantly strengthens the capabilities and reach of the Accelerant Risk Exchange. Accelerant operates a data-driven risk exchange that connects selected specialty insurance underwriters with risk capital partners. The Accelerant Risk Exchange reduces information asymmetries and operational barriers present in the traditional insurance value chain by leveraging proprietary technology to share actionable high-fidelity data with underwriters and risk capital partners. Accelerant platform highlights (year-end 2024): 217 specialty insurance underwriters (Members) $3.1B in premiums 500+ specialty products in 22 countries 96 risk capital partners 74% all organic Exchange Written Premium growth Key AI-driven products that allow specialty underwriters to receive feedback on the relative quality of an underlying risk: Portfolio-level risk monitoring across $3 billion in premiums Large Language Model (LLM) claims assessment, reducing claims expenses and boosting recoveries 'We're proud to welcome QBE and Tokio Marine America to the Accelerant Risk Exchange,' said Jeff Radke, CEO and co-founder of Accelerant. 'Their addition strengthens our ability to align leading underwriting expertise with trusted capital — a core part of our vision to reimagine specialty insurance. Together, we hope to build a smarter, more connected ecosystem that enhances collaboration, improves risk management, and unlocks long-term value across the insurance value chain.' Accelerant's goal is to simplify the specialty insurance value chain, which has historically been complex, lengthy, and fraught with inefficiencies, leading to higher costs and subpar experiences. Accelerant's Risk Exchange provides a streamlined, data-driven approach that connects underwriters and risk capital partners and fosters data transparency throughout the value chain. ABOUT ACCELERANT Accelerant is a services and data platform for the specialty insurance market. Accelerant harnesses advanced data analytics and AI to reduce information asymmetries and operational barriers present in the traditional insurance value chain and provide transparent and efficient solutions for underwriters and risk capital partners globally.
