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Insurtech Accelerant launches $175mn reinsurance sidecar vehicle

August 24, 2022

Insurtech platform Accelerant has launched a new $175 million sidecar investment vehicle, called Flywheel Re.

The new sidecar will provide multi-year risk capital to Accelerant and its cohort of underwriting-led specialist members.

Goldman Sachs & Co. LLC served as exclusive placement agent to Accelerant and Sidley Austin LLP acted as legal counsel.

Founded in 2018, Accelerant works its underwriting-led members to drive market-leading profitable growth in niche specialists.

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