Accelerant Holdings, which provides an insurance marketplace linking underwriters with capital partners, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
Accelerant operates a data-driven risk exchange that connects selected specialty insurance underwriters (sellers) with risk capital partners (buyers). On the "supply side" of its Risk Exchange, the company delivers a full service offering to members that includes insights and analytics, distribution management, operational resources, and the commitment of stable underwriting capacity. On the "demand side," the company offers risk capital partners a portfolio of specialty insurance premium that may otherwise be difficult to access elsewhere. As of March 31, 2025, Accelerant had 232 members and 96 risk capital partners on its platform and has grown Exchange Written Premium at a 217% CAGR since inception.
The Cayman Islands-based company was founded in 2018 and booked $653 million in revenue for the 12 months ended March 31, 2025. It plans to list on the NYSE under the symbol ARX. Morgan Stanley, Goldman Sachs, BMO Capital Markets, RBC Capital Markets, Piper Sandler, Wells Fargo Securities, William Blair, Raymond James, and TD Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
