/PRNewswire/ Accelerant Holdings, the parent company of a technology and data-driven insurance risk exchange, today announced the acquisition of Kinnell.
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LONDON and ATLANTA, March 8, 2021 /PRNewswire/ Accelerant Holdings ( Accelerant or the Company ), the parent company of an underwriting group that specializes in serving a carefully selected and managed network of member managing general agencies and program administrators ( Members ), today announced the acquisition of Commonwealth Insurance Company of America ( CICA ) from Brit Group, a subsidiary of Fairfax Financial (TSX: FFH). CICA is a Delaware domiciled admitted insurance carrier with licenses in 48 states and the District of Columbia. Along with the previously announced formation of Accelerant Specialty Insurance Company ( ASIC ), a surplus lines carrier domiciled in Arkansas, CICA is Accelerant s second owned statutory entity in the U.S. This acquisition enables the Company to serve its best-in-class Members across both non-admitted and admitted market segments. Accelerant remains rated A- (Excellent) by AM Best within its Financi
Accelerant Announces Entry into U.S. Market and Expansion of AM Best Group A- (Excellent) Rating
Accelerant Announces Entry into U.S. Market and Expansion of AM Best Group A- (Excellent) Rating
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 A- mark is in AM Best s Financial Size Category VIII, for companies with $100 – $250 million in adjusted policyholders surpluses.