Accelerant, an insurtech platform that aims to provide underwriters with risk exchange, data analytics and long-term capacity commitments, announced a new $175 million sidecar vehicle, Flywheel Re.
Flywheel will provide multi-year risk capital to Accelerant and its team of underwriting-led specialist members.
“Our sidecar is a natural extension of the work we’ve been doing to support specialist underwriters with additional capacity and while also expanding our focus and diversifying sources of capital to ultimately support our members’ growth,” said Accelerant Co-Founder and CEO Jeff Radke in an emailed statement.
