Accelerant Ltd., an Atlanta-based insurer, said Wednesday it's raised over $190 million inside a transaction valuing the company at $2 billion.
Greenwich, Connecticut-based private equity finance firm Eldridge Industries LLC led the capital raise.
Private equity firms Deer Park Road Management Co., Marshall Wace LLP and MS&AD Ventures Inc. also participated, as did existing majority investor Palo Alto, California-based Altamont Capital Partners.
Todd Boehly, co-founder and CEO of Eldridge, will join Accelerant's board.
Accelerant CEO Jeff Radke said inside a statement: “We're bringing transparency, data and shared incentives back into the equation, serving managing general underwriters as vital partners within the insurance ecosystem.”
