Source: Bain Capital
1970 Group works with insurance buyers and risk managers, insurance brokerages, carriers, and banks to deliver a unique insurance collateral model that effectively manages risks and promotes business health. 1970 Group pioneered Insurance Collateral Funding (ICF), a balance sheet and liquidity management solution that enables companies to transfer their insurance collateral requirements off their balance sheets, thereby giving them more capital to deploy to business operations and investment opportunities.
“Bain Capital’s investment will further support 1970 Group’s mission to help companies unlock liquidity and operate at their fullest potential, enabling us to bring our solutions to a greater number of businesses across the United States and Canada,” said Stephen Roseman, CEO and Founder of 1970 Group.
“Stephen and the 1970 Team have created an innovative liquidity solution for the insurance industry that can adjust to evolving collateral requirements, enabling companies to free up their balance sheets and dedicate more resources to seizing growth opportunities,” said Matt Popoli, Global Head of Bain Capital Insurance.
“We look forward to supporting 1970 Group’s next phase of growth as it continues to enhance the insurance collateral model and creatively manage risk for its customers, allowing them to access capital that would otherwise be trapped in insurance collateral,” said Jack Sun, Managing Director of Bain Capital Insurance.
Read full article: https://www.baincapital.com/news/1970-group-announces-investment-bain-capital-insurance-support-growth
