Accelerant, the insurtech platform empowering underwriters with superior risk exchange, advanced data analytics, and long-term capacity commitments, today announced a new $175 million sidecar vehicle, Flywheel Re. Flywheel will provide multi-year risk capital to Accelerant and its cadre of underwriting-led specialist Members.
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“We’re thrilled to launch Flywheel and put it to work on behalf of our Members,” said Jeff Radke, CEO and co-founder of Accelerant. “This is a natural extension of the work we’ve been doing to support specialist underwriters with additional capacity. But it also marks a major milestone in our journey as a company, and for the insurance industry at large. We are now expanding our focus and diversifying sources of capital alongside the traditional reinsurance market by bringing our portfolio of low-volatility commercial SME risks to institutional investors in an innovative structure that efficiently supports our Members’ growth.”
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Accelerant was founded in 2018 to rebuild the way that underwriters share and exchange risk. Accelerant works with its underwriting-led Members to drive market-leading profitable growth in niche specialties. Flywheel’s long-term structure is starkly different from typical historical catastrophe-focused sidecars, an approach that continues to distinguish Accelerant as an innovator in driving better outcomes across the insurance industry.
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