# EDGAR Filing Document

**Accession Number:** 0001997350
**File Stem:** 0001193125-25-163486
**Filing Date:** 2025-7
**Character Count:** 32322
**Document Hash:** a1df4b8efa33d6ecd8c6c6c9fd6c322f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-163486.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0001193125-25-163486

**CONFORMED SUBMISSION TYPE**: S-1MEF

**PUBLIC DOCUMENT COUNT**: 7

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250723

**EFFECTIVENESS DATE**: 20250723

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Accelerant Holdings
- **CENTRAL INDEX KEY:** 0001997350
- **STANDARD INDUSTRIAL CLASSIFICATION:** INSURANCE AGENTS BROKERS & SERVICES [6411]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 981753044
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-1MEF
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-288901
- **FILM NUMBER:** 251143864

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 309 UGLAND HOUSE
- **CITY:** GRAND CAYMAN
- **STATE:** E9
- **ZIP:** KY1-1044
- **BUSINESS PHONE:** (302) 658-7581

**MAIL ADDRESS:**
- **STREET 1:** 1209 ORANGE STREET
- **STREET 2:** C/O THE CORPORATION TRUST COMPANY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801

**As filed with the Securities and Exchange Commission on July 23, 2025.** 

**Registration No. 333-** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM S-1** 

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

## ACCELERANT HOLDINGS
**(Exact Name of Registrant as Specified in Its Charter)** 

---

| | | |
|:---|:---|:---|
| **Cayman Islands** | **6411** | **98-1753044** |
| **(State or Other Jurisdiction of**<br> **Incorporation or Organization)** | **(Primary Standard Industrial**<br> **Classification Code Number)** | **(I.R.S. Employer**<br> **Identification Number)** |

---

**Accelerant Holdings** 

**c/o Accelerant Re (Cayman) Ltd.** 

**Unit 106, Windward 3, Regatta Office Park,** 

**West Bay Road, Grand Cayman** 

**+1 (345) 743-4611** 

**(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices)** 

**The Corporation Trust Company** 

**1209 Orange Street** 

**Wilmington, Delaware 19801** 

**(302) 658-7581** 

**(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent For Service)** 

***Copies to:***

---

| | | | |
|:---|:---|:---|:---|
| **Nancy Hasley**<br> **Group General Counsel**<br> **Accelerant Holdings**<br> **P.O. Box 309**<br> **Ugland House, Grand Cayman, KY1-1104 Cayman Islands**<br> **Telephone: +44 (0) 800-048-9809** | **Samir A. Gandhi**<br> **Robert A. Ryan**<br> **Sidley Austin LLP**<br> **787 Seventh Avenue**<br> **New York, New York 10019**<br> **Telephone: (212) 839-5900** | **Suzanne Correy**<br> **Maples and Calder (Cayman) LLP**<br> **P.O. Box 309**<br> **Ugland House, Grand Cayman, KY1-1104 Cayman Islands**<br> **Telephone: (345) 949-8066** | **Thomas Holden**<br> **Rachel D. Phillips**<br> **Ropes & Gray LLP**<br> **1211 Avenue of the Americas**<br> **New York, New York 10036**<br> **Telephone: (212) 596-9000** |

---

**Approximate date of commencement of proposed sale to the public**: As soon as practicable after the effective date of this Registration Statement.

If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☐

If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☒ 333-288435

If this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☐ |
| | | Emerging growth company | ☒ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

The Registration Statement shall become effective upon filing in accordance with Rule 462(b) promulgated under the Securities Act of 1933, as amended.

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**EXPLANATORY NOTE** 

This Registration Statement is being filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended (the "Securities Act"), for the sole purpose of increasing the aggregate number of Class A common shares offered by Accelerant Holdings (the "Registrant") by 6,340,851 Class A common shares, 827,067 of which are subject to purchase upon exercise of the underwriters' option to purchase additional shares of the Registrant's Class A common shares. The additional securities that are being registered for sale are in an amount and at a price that together represent not more than 20% of the maximum aggregate offering price set forth in the filing fee table filed as an exhibit to the Initial Registration Statement (defined below). The contents of the Registration Statement on Form S-1, as amended (File No. 333-288435), including all exhibits thereto (the "Initial Registration Statement"), filed by the Registrant with the Securities and Exchange Commission (the "Commission") pursuant to the Securities Act, which was declared effective by the Commission on July 23, 2025, are incorporated by reference into this Registration Statement.

The required opinion and consents are listed on the below Exhibit Index and filed herewith.

------

**EXHIBIT INDEX** 

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 5.1 | [Opinion of Maples and Calder (Cayman) LLP, Cayman Islands Legal Counsel to the Registrant.](d932869dex51.htm) |
| 23.1 | [Consent of PricewaterhouseCoopers LLP (Accelerant Holdings).](d932869dex231.htm) |
| 23.2 | [Consent of PricewaterhouseCoopers LLP (Accelerant Holdings LP).](d932869dex232.htm) |
| 23.3 | [Consent of Maples and Calder (Cayman) LLP (included in Exhibit 5.1).](d932869dex51.htm) |
| 24.1\* | [Power of Attorney (included on signature page to the Registration Statement on Form S-1 (File No. 333-288435, filed on June 30, 2025 and incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1997350/000119312525152889/d543111ds1.htm#ii543111_500) |
| 24.2\* | [Power of Attorney (included as Exhibit 24.2 to the Registration Statement on Form S-1 (File No. 333-288435, filed on July 15, 2025 and incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/1997350/000119312525159018/d543111dex242.htm) |
| 107 | [Filing Fee Table.](d932869dexfilingfees.htm) |

---

\* Previously filed

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933, the Registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in George Town, Cayman Islands, on this 23rd day of July, 2025.

---

| | |
|:---|:---|
| **ACCELERANT HOLDINGS** | **ACCELERANT HOLDINGS** |
| By: | /s/ Jeff Radke |
|  | Name: Jeff Radke |
|  | Title: Chief Executive Officer |

---

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Name** | **Title** | **Date** |
| /s/ Jeff Radke | Chief Executive Officer (Principal Executive Officer) and Director | July 23, 2025 |
| Jeff Radke | Chief Executive Officer (Principal Executive Officer) and Director | July 23, 2025 |
| /s/ Jay Green | Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) | July 23, 2025 |
| Jay Green | Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) | July 23, 2025 |
| \* | Director | July 23, 2025 |
| Kunal Arora | Director | July 23, 2025 |
| \* | Director | July 23, 2025 |
| Samuel Gaynor | Director | July 23, 2025 |
| \* | Director | July 23, 2025 |
| Wendy Harrington | Director | July 23, 2025 |
| \* | Director | July 23, 2025 |
| Nancy Hasley | Director | July 23, 2025 |
| \* | Director | July 23, 2025 |
| Christopher Lee-Smith | Director | July 23, 2025 |
| \* | Director | July 23, 2025 |
| Paul Little | Director | July 23, 2025 |
| \* | Director | July 23, 2025 |
| Karen Meriwether | Director | July 23, 2025 |
| \* | Director | July 23, 2025 |
| Keoni Schwartz | Director | July 23, 2025 |
| \* | Director | July 23, 2025 |
| Michael Searles | Director | July 23, 2025 |
| /s/ Jay Green | Authorized Representative in the United States | July 23, 2025 |
| Jay Green | Authorized Representative in the United States | July 23, 2025 |

---

---

| | |
|:---|:---|
| \*By: | /s/ Jeff Radke |
|  | Name: Jeff Radke |
|  | Title: Attorney-in-fact |

---

## Exhibit 5.1

**Exhibit 5.1**![LOGO](g932869dsp01.jpg)

Our ref SMC/795764-000006/83789922v2

Accelerant Holdings

PO Box 309, Ugland House

Grand Cayman

KY1-1104

Cayman Islands

23 July 2025

**Accelerant Holdings** 

We have acted as counsel as to Cayman Islands law to Accelerant Holdings (the "**Company**") in connection with the Company's registration statement on Form S-1, including all amendments or supplements thereto filed with the United States Securities and Exchange Commission (the "**Commission**") under the United States Securities Act of 1933, as amended (the "**Securities Act**") (including its exhibits, the "**Registration Statement**") for the purposes of registering with the Commission under Rule 462(b) Securities Act, the offering and sale to the public of up to an additional 6,340,851 Class A common shares of a par value of US$0.00000119518620 each of the Company (the "**Shares**").

This opinion letter is given in accordance with the terms of the Legal Matters section of the Registration Statement.

---

| | |
|:---|:---|
| **1** | **Documents Reviewed**  |

---

We have reviewed originals, copies, drafts or conformed copies of the following documents:

1.1 The certificate of incorporation dated 6 October 2021 and the amended and restated memorandum and articles
of association of the Company as registered or adopted on 30 December 2024 (the "**Current Memorandum and Articles** ").

1.2 The amended and restated memorandum and articles of association of the Company as adopted on 22 July 2025
with effect from the effective time and date of the Registration Statement (the "**IPO Memorandum and Articles** ").

1.3 The unanimous written resolutions of the directors of the Company dated 19 November 2025 (the
" **Director Resolutions** "), the minutes (the "**Minutes**") of the meeting of the board of directors of the Company held on 30 June 2025 (the "**Meeting**") and the corporate records of the Company
maintained at its registered office in the Cayman Islands.

![LOGO](g932869dsp01a.jpg)

------

1.4 The minutes (the "**Shareholder Minutes**") of the extraordinary general meeting of the
Company held on 22 July 2025 (the "**Shareholder Meeting** ").

1.5 The register of members of the Company dated 23 July 2025 (the "**Register of Members** ").

1.6 A certificate of good standing with respect to the Company issued by the Registrar of Companies (the
" **Certificate of Good Standing** ").

1.7 A certificate from a director of the Company a copy of which is attached to this opinion letter (the
" **Director's Certificate** ").

1.8 The Registration Statement.

1.9 A draft of the underwriting agreement between the Company and Morgan Stanley & Co. LLC, as
representative of the several underwriters named on Schedule II thereto.

---

| | |
|:---|:---|
| **2** | **Assumptions**  |

---

The following opinions are given only as to, and based on, circumstances and matters of fact existing and known to us on the date of this opinion letter. These opinions only relate to the laws of the Cayman Islands which are in force on the date of this opinion letter. In giving the following opinions, we have relied (without further verification) upon the completeness and accuracy, as at the date of this opinion letter, of the Director's Certificate and the Certificate of Good Standing. We have also relied upon the following assumptions, which we have not independently verified:

2.1 Copies of documents, conformed copies or drafts of documents provided to us are true and complete copies of, or
in the final forms of, the originals.

2.2 All signatures, initials and seals are genuine.

2.3 There is no contractual or other prohibition or restriction (other than as arising under Cayman Islands law)
binding on the Company prohibiting or restricting it from entering into and performing its obligations under the Registration Statement.

2.4 No invitation has been or will be made by or on behalf of the Company to the public in the Cayman Islands to
subscribe for any of the Shares.

2.5 There is nothing under any law (other than the laws of the Cayman Islands) which would or might affect the
opinions set out below. Specifically, we have made no independent investigation of the laws of the State of New York.

2.6 The Company has received or will receive money or money's worth in consideration for the issue of the
Shares and none of the Shares were or will be issued for less than par value.

Save as aforesaid we have not been instructed to undertake and have not undertaken any further enquiry or due diligence in relation to the transaction the subject of this opinion letter.

---

| | |
|:---|:---|
| **3** | **Opinions**  |

---

Based upon, and subject to, the foregoing assumptions and the qualifications set out below, and having regard to such legal considerations as we deem relevant, we are of the opinion that:

------

3.1 The Company has been duly incorporated as an exempted company with limited liability and is validly existing
and in good standing with the Registrar of Companies under the laws of the Cayman Islands.

3.2 The Shares to be offered and issued by the Company as contemplated by the Registration Statement have been duly
authorised for issue, and when issued by the Company against payment in full of the consideration as set out in the Registration Statement and in accordance with the terms set out in the Registration Statement, such Shares will be validly issued,
fully paid and non-assessable. As a matter of Cayman Islands law, a share is only issued when it has been entered in the register of members (shareholders).

3.3 Upon the effectiveness of the IPO Memorandum and Articles, the authorised share capital of the Company will be
US$884.43788 divided into 500,000,000 Class A common shares of a par value of US$0.0000011951862 per share, 140,000,000 Class B common shares of a par value of US$0.0000011951862 per share and 100,000,000 preference shares of a par value
of US$0.0000011951862 per share.

---

| | |
|:---|:---|
| **4** | **Qualifications**  |

---

The opinions expressed above are subject to the following qualifications:

4.1 To maintain the Company in good standing with the Registrar of Companies under the laws of the Cayman Islands,
annual filing fees must be paid and returns made to the Registrar of Companies within the time frame prescribed by law.

4.2 Under Cayman Islands law, the register of members (shareholders) is *prima facie* evidence of title to
shares and this register would not record a third party interest in such shares. However, there are certain limited circumstances where an application may be made to a Cayman Islands court for a determination on whether the register of members
reflects the correct legal position. Further, the Cayman Islands court has the power to order that the register of members maintained by a company should be rectified where it considers that the register of members does not reflect the correct legal
position. As far as we are aware, such applications are rarely made in the Cayman Islands and there are no circumstances or matters of fact known to us on the date of this opinion letter which would properly form the basis for an application for an
order for rectification of the register of members of the Company, but if such an application were made in respect of the Shares, then the validity of such shares may be subject to re-examination by a Cayman
Islands court.

4.3 In this opinion letter the phrase "non-assessable" means,
with respect to the issuance of shares, that a shareholder shall not, in respect of the relevant shares and in the absence of a contractual arrangement, or an obligation pursuant to the memorandum and articles of association, to the contrary, have
any obligation to make further contributions to the Company's assets (except in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstances in which a
court may be prepared to pierce or lift the corporate veil).

4.4 We express no opinion as to the meaning, validity or effect of any references to foreign (i.e. non-Cayman Islands) statutes, rules, regulations, codes, judicial authority or any other promulgations and any references to them in the Registration Statement.

We express no view as to the commercial terms of the Registration Statement or whether such terms represent the intentions of the parties and make no comment with regard to warranties or representations that may be made by the Company.

------

We hereby consent to the filing of this opinion letter as an exhibit to the Registration Statement and to the reference to our firm under the heading "Legal Matters" in the prospectus included in the Registration Statement. In providing our consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the Rules and Regulations of the Commission thereunder.

The opinions in this opinion letter are strictly limited to the matters contained in the opinions section above and do not extend to any other matters. We have not been asked to review and we therefore have not reviewed any of the ancillary documents relating to the Shares and express no opinion or observation upon the terms of any such document.

This opinion letter is addressed to you and may be relied upon by you, your counsel and purchasers of the Shares pursuant to the Registration Statement. This opinion letter is limited to the matters detailed herein and is not to be read as an opinion with respect to any other matter.

Yours faithfully

/s/ Maples and Calder (Cayman) LLP

Maples and Calder (Cayman) LLP

------

Accelerant Holdings

PO Box 309, Ugland House

Grand Cayman KY1-1104

Cayman Islands

23 July 2025

To: Maples and Calder (Cayman) LLP

PO Box 309, Ugland House

Grand Cayman

KY1-1104

Cayman Islands

Dear Sirs

**Accelerant Holdings** (the "**Company**")

I, the undersigned, being a director of the Company, am aware that you are being asked to provide an opinion letter (the "**Opinion**") in relation to certain aspects of Cayman Islands law. Unless otherwise defined herein, capitalised terms used in this certificate have the respective meanings given to them in the Opinion. I hereby certify that:

1 The Current Memorandum and Articles remain in full force and effect and are unamended.

2 The Company has not entered into any mortgages or charges over its property or assets other than those entered in the register of mortgages and charges of the Company.

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| | |
|:---|:---|
| 3 | The Resolutions were duly passed in the manner prescribed in the Memorandum and Articles of Association of the Company in effect at the date of the Resolutions (including, without limitation, with respect to the disclosure of interests (if any) by directors of the Company) and have not been amended, varied or revoked in any material respect.  |

---

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| | |
|:---|:---|
| 4 | The Minutes are a true and correct record of the proceedings of the Meeting, which was duly convened and held, and at which a quorum was present throughout, in each case, in the manner prescribed in the Current Memorandum and Articles. The resolutions set out in the Minutes were duly passed in the manner prescribed in the Current Memorandum and Articles (including, without limitation, with respect to the disclosure of interests (if any) by directors of the Company) and have not been amended, varied or revoked in any respect.  |

---

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| | |
|:---|:---|
| 5 | The Shareholder Minutes are a true and correct record of the proceedings of the Shareholder Meeting, which was duly convened and held, and at which a quorum was present throughout, in each case, in the manner prescribed in the Current Memorandum and Articles. The resolutions set out in the Shareholder Minutes were duly passed in the manner prescribed in the Current Memorandum and Articles and have not been amended, varied or revoked in any respect.  |

---

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| | |
|:---|:---|
| 6 | The shareholders of the Company (the "**Shareholders**") have not restricted the powers of the directors of the Company in any way.  |

---

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| | |
|:---|:---|
| 7 | The authorised share capital of the Company is US$348.6859, consisting of 291,741,904.263226 shares of a nominal or par value of US$0.0000011951862 each, of which: (i) 252,652,430.402498 shares are designated as Common Shares of a nominal or par value of US$0.0000011951862 each (the "**Common Shares**"), (ii) 18,074,171.0975242 shares are designated as Class A Convertible Preference Shares of a nominal or par value of US$0.0000011951862 each (the "**Class A Convertible Preference Shares**"), (iii) 2,881,475.68941596 shares are designated as Class A-1 Convertible Preference Shares of a nominal or par value of US$0.0000011951862 each (the "**Class A 1 Convertible Preference Shares**"), (iv) 12,569,756.8388263 shares are designated as Class B Convertible Preference Shares of a nominal or par value of US$0.0000011951862 each (the "**Class B Convertible Preference Shares**"), (v) 83.66897092 shares are designated as Class B-1 Convertible Preference Shares of a nominal or par value of US$0.0000011951862 each (the "**Class B-1 Convertible Preference Shares**"), (vi) 3,411,518.62017614 shares are designated as Class C Convertible Preference Shares of a nominal or par value of US$0.0000011951862 each (the "**Class C Convertible Preference Shares**") and (vii) 2,152,467.94581477 shares are designated as Class C-1 Convertible Preference Shares of a nominal or par value of US$0.0000011951862 each (the "**Class C-1 Convertible Preference Shares**"). Upon the effectiveness of the IPO Memorandum and Articles, the authorised share capital of the Company will be US$884.43788 divided into 500,000,000 Class A common shares of a par value of US$0.0000011951862 per share, 140,000,000 Class B common shares of a par value of US$0.0000011951862 per share and 100,000,000 preference shares of a par value of US$0.0000011951862 per share.  |

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8 The directors of the Company at the date of the Resolutions were as follows: Sam Gaynor, Wendy Harrington, Nancy Hasley, Chris Lee-Smith, Jeff Radke, Keoni Schwartz, Todd Boehly, Jun Liang, Paul Little and Michael Searles.

9 The directors of the Company at the date of the Meeting were as follows: Sam Gaynor, Wendy Harrington, Nancy Hasley, Chris Lee-Smith, Jeff Radke, Keoni Schwartz, Todd Boehly, Jun Liang, Paul Little, Michael Searles and Karen Meriwether.

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| | |
|:---|:---|
| 10 | The minute book and corporate records of the Company as maintained at its registered office in the Cayman Islands and made available to you are complete and accurate in all material respects, and all minutes and resolutions filed therein represent a complete and accurate record of all meetings of the Shareholders and directors (or any committee thereof) of the Company (duly convened in accordance with the Current Memorandum and Articles) and all resolutions passed at the meetings or passed by written resolution or consent, as the case may be.  |

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| | |
|:---|:---|
| 11 | Prior to, at the time of, and immediately following the approval of the transactions the subject of the Registration Statement the Company was, or will be, able to pay its debts as they fell, or fall, due and has entered, or will enter, into the transactions the subject of the Registration Statement for proper value and not with an intention to defraud or wilfully defeat an obligation owed to any creditor or with a view to giving a creditor a preference.  |

---

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| | |
|:---|:---|
| 12 | Each director of the Company considers the transactions contemplated by the Registration Statement to be of commercial benefit to the Company and has acted in good faith in the best interests of the Company, and for a proper purpose of the Company, in relation to the transactions which are the subject of the Opinion.  |

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| | |
|:---|:---|
| 13 | To the best of my knowledge and belief, having made due inquiry, the Company is not the subject of legal, arbitral, administrative or other proceedings in any jurisdiction. Nor have the directors or Shareholders taken any steps to have the Company struck off or placed in liquidation, nor have any steps been taken to wind up the Company. Nor has any receiver been appointed over any of the Company's property or assets.  |

---

------

I confirm that you may continue to rely on this certificate as being true and correct on the day that you issue the Opinion unless I shall have previously notified you in writing personally to the contrary.

---

| | |
|:---|:---|
| Signature: | /s/ Samuel Gaynor |
| Name: | Samuel Gaynor |
| Title: | Director |

---

## Exhibit 23.1

Exhibit 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-1 of our report dated March 27, 2025, except for the effects of the common and preference share subdivision discussed in Note 1 to the consolidated financial statements, as to which the date is July 14, 2025, relating to the financial statements and financial statement schedules, which appears in Amendment No. 2 to the Registration Statement on Form S-1 (No. 333-288435) of Accelerant Holdings. We also consent to the reference to us under the heading "Experts" in Amendment No. 2 to Registration statement on Form S-1 (No. 333-288435) incorporated by reference in this Registration Statement.

*/s/ PricewaterhouseCoopers LLP* 

New York, New York

July 23, 2025

## Exhibit 23.2

Exhibit 23.2

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-1 of our report dated March 27, 2025, relating to the financial statements and financial statement schedules of Accelerant Holdings LP, which appears in Amendment No. 2 to the Registration Statement on Form S-1 (No. 333-288435) of Accelerant Holdings. We also consent to the reference to us under the heading "Experts" in Amendment No. 2 to Registration statement on Form S-1 (No. 333-288435) incorporated by reference in this Registration Statement.

*/s/ PricewaterhouseCoopers LLP* 

New York, New York

July 23, 2025

## Ex-Filing

**Exhibit 107** 

**Calculation of Filing Fee Tables** 

**Form S-1** 

(Form Type)

**Accelerant Holdings** 

(Exact Name of Registrant as Specified in its Memorandum and Articles of Association)

<u>Table 1: Newly Registered and Carry Forward Securities</u> 

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Security<br>Type | Security<br> Class<br> Title | Fee<br> Calculation<br> or Carry<br>Forward<br> Rule | Amount<br>Registered<sup>(1)</sup> | Proposed<br>Maximum<br>Offering<br>Price Per<br>Unit | Maximum Aggregate<br>Offering Price | Fee<br> Rate | Amount of<br>Registration<br>Fee<sup>(3)</sup> | Carry<br>Forward <br>Form<br>Type | Carry<br>Forward <br>File<br>Number | Carry<br>Forward<br>Initial<br>Effective <br>Date | Filing Fee<br>Previously<br>Paid in<br>Connection<br>with<br>Unsold<br>Securities<br>to be<br>Carried<br>Forward |
| &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities |
| &nbsp;&nbsp;&nbsp; Fees to be<br> Paid | Equity | Class A common<br> shares,<br> par value<br> $0.0000011951862<br> per share | 457(a) | 6340851 | $21.00 | $133157871<sup>(2)</sup> | 0.00015310 | $20387 |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Fees<br> Previously<br> Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities |
| &nbsp;&nbsp;&nbsp; Carry<br> Forward<br> Securities | N/A | N/A | N/A | N/A |  | N/A |  |  | N/A | N/A | N/A | N/A |
|  | Total Offering Amounts | Total Offering Amounts | Total Offering Amounts | Total Offering Amounts |  | $133157871 |  | $20387 |  |  |  |  |
|  | Total Fees Previously Paid | Total Fees Previously Paid | Total Fees Previously Paid | Total Fees Previously Paid |  |  |  | $0 |  |  |  |  |
|  | Total Fee Offsets | Total Fee Offsets | Total Fee Offsets | Total Fee Offsets |  |  |  | $0 |  |  |  |  |
|  | Net Fee Due | Net Fee Due | Net Fee Due | Net Fee Due |  |  |  | $20387 |  |  |  |  |

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(1) Represents only the 6,340,851 additional Class A common shares, par value $0.0000011951862 per share
("Common Shares"), being registered, which includes 827,067 additional Common Shares that the underwriters have the option to purchase. Does not include the 33,289,473 Common Shares that the registrant previously registered on the
registration statement on Form S-1, as amended (File No. 333-288435) (the "Registration Statement"), which was declared effective by the Securities and
Exchange Commission on July 23, 2025.

(2) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(a) under the
Securities Act of 1933, as amended (the "Securities Act").

(3) The registrant previously registered 33,289,473 Common Shares on the Registration Statement, for which the
registrant paid a filing fee of $101,933.00. In accordance with Rule 462(b) under the Securities Act, 6,340,851 additional Common Shares having a proposed maximum aggregate offering price of $133,157,871 is hereby registered, which includes 827,067
Common Shares that the underwriters have the option to purchase.