1970 Group, a NYC-based specialized risk financing provider to the insurance industry with expertise in structured financing, credit support, and risk management, received a growth investment from Bain Capital Insurance, the dedicated insurance investing unit of Bain Capital.
The financial terms of the private investment were not disclosed.
The company intends to use the funds for the continued expansion of its liquidity management solutions for insured companies.
Led by Stephen Roseman, CEO and Founder, 1970 Group works with insurance buyers and risk managers, insurance brokerages, carriers, and banks to deliver an insurance collateral model that effectively manages risks and promotes business health. 1970 Group developed 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.
FinSMEs
29/07/2024