1970 Group receives growth investment from Bain Capital Insurance

1970 Group, the specialised risk financing provider for the insurance sector, has secured a growth capital investment from Bain Capital Insurance, the insurance investing unit of Bain Capital, in a move that is set to support the firm’s continued expansion of its liquidity management solutions for insured organisations.

Financial terms of the private investment have not been disclosed.

It’s important to highlight that 1970 Group works with insurance buyers and risk managers, insurance brokerages, carriers, and banks to deliver an insurance collateral model that manages risks, and also promotes business health.

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

This 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

Stephen Roseman, CEO and Founder of 1970 Group, commented: “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.”

Matt Popoli, Global Head of Bain Capital Insurance, 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.”

Jack Sun, Managing Director of Bain Capital Insurance, added: “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.”