Share this article Share this article LONDON and ATLANTA, March 8, 2021 /PRNewswire/ -- Accelerant Holdings ("Accelerant" or the "Company"), the parent company of an underwriting group that specializes in serving a carefully selected and managed network of member managing general agencies and program administrators ("Members"), today announced the acquisition of Commonwealth Insurance Company of America ("CICA") from Brit Group, a subsidiary of Fairfax Financial (TSX: FFH). CICA is a Delaware domiciled admitted insurance carrier with licenses in 48 states and the District of Columbia. Along with the previously announced formation of Accelerant Specialty Insurance Company ("ASIC"), a surplus lines carrier domiciled in Arkansas, CICA is Accelerant's second owned statutory entity in the U.S. This acquisition enables the Company to serve its best-in-class Members across both non-admitted and admitted market segments. Accelerant remains rated A- (Excellent) by AM Best within its Financial Size Category. Accelerant plans to rename CICA as Accelerant National Insurance Company ("ANIC").