Oaktree Capital to acquire Nephila Capital-backed Velocity Risk Underwriters.

Oaktree Capital, an investment firm agreed, to acquire Nephila Capital-backed Velocity Risk Underwriters, a provider of insurance. Financial terms were not disclosed. “Velocity Risk has established itself as a leading property-focused MGA through the quality of its management team, its strong underwriting results and its investment in enabling technologies. We are excited to partner with the Company and support its track record of driving growth and delivering value for its stakeholders,” Greg Share, Oaktree Managing Director.