For Immediate Release
Accelerant Holding Acquires Agribusiness Risk Underwriters
New York, NY, June 8th, 2021 – Accelerant Holdings announced today that it has aquired Agribusiness Risk Underwriters (ARU)
Agribusiness Risk Underwriters is a leader in U.S. poultry farm insurance product development, underwriting and loss control. Located in Winston Salem North Carolina ARU was founded in 2016 by William G. Johnson III. ARU utilizes advanced underwriting techniques and technologies coupled with their niche expertise to maintain a sustainable and profitable risk portfolio writing an underserved classe of business. Through an extensive network of wholesale and retail partners ARU provides loss control services and insurance to more than 1000 American farms nationwide.
“We are delighted to be a part of Accelerant, a progressive and solutions-oriented organization that shares our core values. Like ARU, Accelerant is committed to collaboration, innovation, growth, and delivering new solutions to legacy business challenges,” said William G. Johnson III, CIC, AFIS, Co-founder and CEO of Agribusiness Risk Underwriters
Accelerant Holdings is a leading technolgy driven insurance platform that empowers underwriting organizations to better serve small and medium sized enterprises by rebuilding the way that underwriters share and exchange risk. Accelerant is reimagining the insurance industry by aligning incentives with better data and a special focus on serving the unique needs of niche insurance underwriting organizations. Accelerant’s platform supports these MGAs and PAs with better, more integrated data, shared risk, and reduced fees.
Accelerant offers a full-service risk exchange that supports best-in-class underwriting teams and focuses specifically on serving the needs of small and medium-sized businesses, with a particular emphasis on property & casualty insurance. By leveraging granular data to deliver unprecedented insights into opportunities, Accelerant’s platform is purpose-built to increase transparency and collaboration.
“Poultry farmers play a crucial role in the day-to-day lives of hundreds of millions of people across the globe, yet this vital industry has not received its fair share of insurance innovation,” said Jeff Radke, CEO of Accelerant. “At Accelerant, we believe serving niche needs in a superior way demands laser focus, deep sector expertise, progressive technology, and better data that enables enhanced risk exchange. Since its founding, ARU has distinguished itself with best-in-class products, underwriting, loss control, and technology, which are emblematic of the excellence Accelerant seeks in underwriting partners.
Merger & Acquisition Services, Inc. served as the sole financial advisor to Agribusiness Risk Underwriters.
Merger & Acquisition Services, Inc. is a specialist advisory and financial services Firm to the insurance and reinsurance industry, with offices in New York, Connecticut, Georgia & Cayman Islands. Founded in 1999, the Firm and its affiliates provides investment banking and insurance consulting services globally, including; merger & acquisition advisory, capital raising, valuations, program placement/fronting, and reinsurance advisory. Merger & Acquisition Capital Services, LLC., a registered broker-dealer and member FINRA / SIPC, is an affiliate of Merger & Acquisition Services, Inc.
Investment banking services and all securities are offered in the United States by and through Merger & Acquisition Capital Services, LLC, a US registered broker-dealer and member FINRA/SIPC. Merger & Acquisition Services, Inc., M&A International LTD & M&A International Corporation U.A. do not underwrite securities, nor advise on, nor effect transactions in securities for the account of others.