Accelerant Holdings Acquires Commonwealth Insurance Company of America (CICA)
March 8, 2021
Accelerant Holdings acquired Commonwealth Insurance Company of America (CICA) from Brit Group (a subsidiary of Fairfax Financial) and will rename the carrier Accelerant National Insurance Company. The deal expands Accelerant's U.S. capabilities by adding an admitted insurance carrier and coincides with the U.S. rollout of its underwriting and analytics platform, Accelerant InSightFull; Accelerant is PE-backed by Altamont Capital Partners.
- Buyers
- Accelerant Holdings, Altamont Capital Partners
- Targets
- Commonwealth Insurance Company of America (CICA)
- Sellers
- Brit Group, Fairfax Financial
- Industry
- Insurance
- Location
- Delaware, United States
- Transaction Type
- Divestiture
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