1970 Group, a risk financing provider to the insurance industry, has announced a significant growth capital investment from Bain Capital Insurance (Bain Capital), to support the continued expansion of its liquidity management solutions for insured companies.
1970 Group pioneered Insurance Collateral Funding (ICF), a balance sheet and liquidity management solution that enables companies to transfer their insurance collateral requirements off their balance sheets, thereby giving them more capital to deploy to business operations and investment opportunities.
“Bain Capital’s investment will further support 1970 Group’s mission to help companies unlock liquidity and operate at their fullest potential, enabling us to bring our solutions to a greater number of businesses across the United States and Canada,” said Stephen Roseman, CEO and founder of 1970 Group.