Accelerant (NYSE: ARX), the data-driven risk exchange platform transforming the specialty insurance marketplace through the Accelerant Risk Exchange, today announced a partnership with newly formed WoodStar Reciprocal Exchange ("WoodStar"). WoodStar is a reciprocal insurance company funded with more than $220 million of surplus notes and capital from unrelated third parties including Kilter Finance, a KKR-backed specialty finance company that provides capital solutions to small and mid-sized insurers, and funds managed by Blue Owl Capital (NYSE:OWL), a leading alternative asset manager. This partnership reinforces Accelerant’s long-term strategy to bring low volatility, specialty commercial insurance risk closer to high quality institutional capital and grow with a diverse set of insurance companies on the Accelerant Risk Exchange.
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