December 30, 2021
Willkie advised Velocity Risk in its acquisition by Oaktree Capital Management.
On December 28, Velocity Risk Underwriters, LLC, a catastrophe-focused property and specialty insurance risks managing general agent, announced its acquisition by funds managed by Oaktree Capital Management, L.P.
Founded in 2015 by Nephila Capital and headquartered in Nashville, Tennessee, Velocity Risk provides insurance coverage to clients in catastrophe-exposed areas of the U.S.
Nephila is a leading investment manager specializing in catastrophe and non-catastrophe specialty (re)insurance, climate and weather risk.
Oaktree Capital Management is a global investment manager specializing in alternative investments, with approximately $158 billion in assets under management.
The Willkie team was led by Michael Groll and Jacob Kleinman.
