According to filings with the U.S. Securities and Exchange Commission, Velocity Risk is raising $119,392,560.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Philip Bowie played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Velocity Risk
Velocity Risk Underwriters, LLC offers residential and commercial property insurance programs in higher risk catastrophe exposed coastal areas around the country. With carriers rated A by A.M. Best, and an appetite for significant coastal exposure, Velocity Risk Underwriters, LLC occupies a unique niche that focuses on delivering competitive pricing, innovative products and a common-sense underwriting philosophy in these higher risk markets. Velocity Risk Underwriters, LLC is different in many ways from other carriers: All our carriers are A.M. Best A rated or better. With substantial capital backing our business is dedicated to both coastal risks and long term market participation. Admitted paper for peace of mind and guarantee fund protection along with Non-Admitted paper option. Large appetite for all residential coastal risks, including wind only. Velocity Risk Underwriters offers competitive pricing and a high quality product offering.

To learn more about Velocity Risk, visit http://www.velocityrisk.com/

Contact:
Philip Bowie, Chief Executive Officer
615-942-0740
https://www.linkedin.com/in/philip-bowie-3531aa8/

SOURCE: http://www.intelligence360.io
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