Underwriting group Accelerant Holdings has announced its acquisition of insurance group Kinnell Holdings and its six subsidiaries.
Through the acquisition, Accelerant will acquire Kinnell’s subsidiary Guarantee Protection Insurance Limited (GPI).
The acquisition will broaden Accelerant’s portfolio with the addition of Kinnell’s other subsidiary companies, including two insurance intermediaries, a trade association, a repair company.
Kinnell primarily serves the building and remedial treatment industries, with a focus on the provision of home improvement consumer protection, including both deposit and post-completion warranty protection.
Kinnell Holdings and its subsidiaries will form parts of the insurance distribution and underwriting sub-groups within Accelerant.
The addition of Kinnell’s offerings and capabilities will allow Accelerant to expand its artificial intelligence and machine learning capabilities within a new line of business.
Jeff Radke, CEO of Accelerant commented: “We are pleased to have completed the acquisition of Kinnell Holdings, which marks an…
