Velocity’s Bowie looks for broader capital access after Oaktree sale
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Velocity’s Bowie looks for broader capital access after Oaktree sale

James Thaler, 
Jairo Ibarra
29 December 2021
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Velocity Risk Underwriters CEO Phil Bowie has said the sale of a majority stake in the MGA to Oaktree Capital will accelerate Velocity’s growth ambitions, allowing it to scale more quickly through strategic M&A and set up balance-sheet entities to draw in a broader range of capital support.

Markel and Nephila will continue to hold a minority shareholding in the company after the sale.

Oaktree is an experienced insurance investor.

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Jairo Ibarra
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