Altamont Capital Partners was featured in a Wall Street Journal article about Accelerant’s initial public offering. The article highlights our support of Accelerant’s growth since its founding, and features commentary from Altamont Managing Director Sam Gaynor and Co-Founder and Managing Director Keoni Schwartz. Sam and Keoni discussed how Altamont’s insurance industry expertise contributed to Accelerant’s success.

“‘We were there with them, arm in arm, from the very beginning,’ said Sam Gaynor, an Altamont managing director who led the Altamont investment with fellow managing director and firm’s co-founder Keoni Schwartz.

Accelerant, which Schwartz and Gaynor described as ‘public company ready,’ facilitated more than $3.5 billion in written premiums on its risk exchange in the year through March 31, a 73% increase from the comparable period a year earlier, according to a regulatory filing. 

Further, ‘insurance pricing is rising very rapidly. And so even in a recessionary case, where there were businesses shutting down, the organic tailwinds for overall growth’ call for sustained rapid growth, Schwartz said. Schwartz and Gaynor added that Accelerant has ample room to grow its market share as well as expand into business lines and geographies.”

Read the full story here.