Velocity CEO: Oaktree deal accelerates growth opportunities
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Velocity CEO: Oaktree deal accelerates growth opportunities

Velocity Bowie Deal.jpg

Velocity Risk Underwriters’ CEO Phil Bowie said his company’s deal for Oaktree Capital to take a majority stake in his company will accelerate Velocity’s growth ambitions, allowing the company to more quickly scale organically through strategic M&A, and set up balance sheet entities where it can access all forms of capital on a direct basis.

Speaking to this publication in an interview after the transaction was announced, Bowie also framed the deal as an all-in bet on the cat market, at a time when other underwriting businesses have been pulling back, saying his firm...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article