Insurance Firm Accelerant Files for IPO, Disclosing Rising Sales

Accelerant Holdings filed for an initial public offering, joining a rush of insurance-related listings in the US.

The specialty insurance marketplace had net income of $6.5 million on revenue of $178 million in the three months ended March 31, compared with net income of $7.1 million on revenue of $128 million in the same period a year earlier, according to its filing Monday with the US Securities and Exchange Commission.