Altamont Capital-backed Accelerant to acquire Commonwealth Insurance Company from Fairfax Financial.

Altamont Capital-backed Accelerant, an underwriting group, agreed to acquire Commonwealth Insurance Company, a Delaware domiciled admitted insurance carrier, from Fairfax Financial, a financial holding company. Financial terms were not disclosed. "Completing the acquisition of CICA is an important development for our Company. We formed Accelerant with the goal of employing technology and a partnership-oriented approach to provide an enhanced user experience to our Members. Adding an admitted platform to our offerings will enable us to write a broader array of program business in the US market," Jeff Radke, Accelerant CEO.