Accelerant expands risk capital network through partnership with AF Specialty

Accelerant, a company that operates a data-driven Risk Exchange for specialty insurance, has established a risk capital partnership with AF Specialty, the specialty programme and delegated underwriting division of Michigan-based AF Group.

The arrangement is intended to increase the capacity available to Members of the Accelerant Risk Exchange, which connects specialty underwriters with a variety of capital providers.

AF Group carries an AM Best rating of “A” (Excellent) and a Financial Size Category of XIV ($1.5 billion to less than $2 billion). With AF Specialty joining the network, Accelerant now works with more than 95 risk capital partners.

“We are proud to welcome AF Specialty to the Risk Exchange. Their strength as a risk exchange insurer will help our Members on our exchange continue to move with greater speed, precision, and confidence. Together, we’re shaping a more connected and resilient insurance ecosystem,” added Jeff Radke, CEO of Accelerant.

“AF Specialty brings deep expertise and a proven commitment to delivering forward-thinking solutions for the specialty insurance market.”

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Walter Matthews, vice president AF Specialty, commented: “We have an ongoing commitment to delivering innovative and scalable capacity solutions within the specialty insurance market. We’re excited to support the Risk Exchange’s growing network of Members and help fuel smarter, faster growth for specialty underwriters.”