1970 Group, a risk financing provider specializing in structured financing, has announced a significant growth capital investment from Bain Capital Insurance. This investment aims to support the expansion of 1970 Group’s innovative liquidity management solutions for insured companies, enhancing their ability to manage insurance collateral effectively.
Innovative Liquidity Solutions
1970 Group pioneered the Insurance Collateral Funding (ICF) model, enabling companies to transfer insurance collateral requirements off their balance sheets. This model provides businesses with more capital for operations and investments, offering a unique insurance collateral management approach that promotes business health and stability.
Endorsement from Bain Capital
Bain Capital’s investment will help 1970 Group extend its solutions to more businesses across the U.S. and Canada. Bain Capital’s Global Head of Insurance, Matt Popoli, praised 1970 Group for creating an adaptable liquidity solution that frees up balance sheets, allowing companies to focus on growth opportunities.
Future Prospects
The partnership with Bain Capital is expected to drive 1970 Group’s next growth phase, enhancing its ability to manage risk creatively for its clients. This collaboration underscores the importance of innovative financial solutions in the insurance industry.