Accelerant, a data-driven Risk Exchange for specialty insurance, has announced a new risk capital partnership with AF Specialty, a division of Michigan-based AF Group. This collaboration aims to extend capacity to Members on the Accelerant Risk Exchange, a platform designed to connect specialty insurance providers with various capital partners.
Through this partnership, Accelerant’s Members will gain access to AF Group’s AM Best rating of “A” (Excellent) and Financial Size Category of XIV ($1.5 billion to less than $2 billion). The addition of AF Specialty brings Accelerant’s total number of risk capital partners to over 95.
Jeff Radke, CEO of Accelerant, commented on the partnership, stating, “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.” He further noted that AF Specialty contributes deep expertise and a commitment to providing forward-thinking solutions for the specialty insurance market.
Walter Matthews, vice president at AF Specialty, added, “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.”
Accelerant, established in 2018 by insurance industry executives and technology experts, operates as a data-driven risk exchange. The company focuses on rebuilding the way risk is exchanged, conducting business across 22 countries and involving more than 500 specialty insurance products.
AF Specialty, a division of AF Group, is headquartered in Lansing, Michigan. It specializes in providing program and delegated underwriting authority solutions, leveraging its expertise in underwriting, claims management, and specialty risk. AF Specialty collaborates with Managing General Agents (MGAs) and insurance program administrators to introduce innovative risk solutions to the market.
