Bain Capital Insurance has invested in 1970 Group, a company specialising in risk financing solutions for the insurance sector.  

While financial details remain undisclosed, this move is set to bolster 1970 Group’s insurance collateral funding (ICF) service and support its growth initiatives. 

1970 Group, known for its expertise in structured financing, credit support and risk management, collaborates with a range of stakeholders in the insurance industry, including insurance buyers, risk managers, brokerages, carriers and banks.  

The company’s ICF solution is designed to enhance balance sheet and liquidity management by transferring insurance collateral requirements off the balance sheets of companies. 

The investment from Bain Capital Insurance will enable 1970 Group to expand its liquidity management solutions, allowing insured companies to free up capital for business operations and investments.  

Bain Capital Insurance, a division of global private investment company Bain Capital with approximately $185bn under management, focuses on investments within the insurance industry. 

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1970 Group CEO and founder Stephen Roseman said: “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.”  

Bain Capital Insurance global head Matt Popoli said: “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.”  

Earlier this year, in February, Bain Capital Insurance entered an agreement to recapitalise Ryze Claim Solutions.  

This recapitalisation aims to drive Ryze’s organic growth, acquisition strategy and service expansion, enhancing its reach across various customer segments and geographical areas.  

Last year in December, Bain Capital Insurance invested $200m in GuideOne Insurance Company, establishing a new platform for the mutual insurance industry, named Mutual Group.