Insurer Accelerant gets capital infusion

Accelerant Ltd., an Atlanta-based insurer, said Wednesday it has raised over $190 million in a transaction valuing the company at $2 billion.

Greenwich, Connecticut-based private equity 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 in a statement: “We’re bringing transparency, data and shared incentives back into the equation, serving managing general underwriters as important partners in the insurance ecosystem.”

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