Velocity CEO: Oaktree deal accelerates growth opportunities
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Velocity CEO: Oaktree deal accelerates growth opportunities

James Thaler, 
Jairo Ibarra
December 28, 2021
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Velocity Risk Underwriters’ CEO Phil Bowie said his company’s deal for Oaktree Capital to take a majority stake in his company will accelerate Velocity’s growth ambitions, allowing the company to more quickly scale organically through strategic M&A, and set up balance sheet entities where it can access all forms of capital on a direct basis.

Speaking to this publication in an interview after the transaction was announced, Bowie also framed the deal as an all-in bet on the cat market, at a time when other underwriting businesses have been pulling back, saying his firm...

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James Thaler
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Jairo Ibarra
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