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Bamboo Insurance Lands on the Prestigious Inc. 5000 List for the 2nd Year in a Row

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Bamboo Insurance has secured the No. 1,680 spot on the Inc. 5000 2024 list of America's Fastest-Growing Private Companies for the second consecutive year. The company achieved a remarkable three-year revenue growth of 309 percent, demonstrating its ability to navigate challenging economic conditions. Bamboo's success is attributed to its focus on delivering innovative solutions to dislocated insurance markets.

Earlier this year, White Mountains Insurance Group, (NYSE: WTM) made a significant investment in Bamboo, acquiring a 72% stake for $297 million. This investment includes primary capital to support Bamboo's continued growth and expansion in the insurance industry.

Bamboo Insurance ha raggiunto il posto n. 1.680 nella lista delle Inc. 5000 2024 delle aziende private a più rapida crescita d'America per il secondo anno consecutivo. L'azienda ha registrato una straordinaria crescita del fatturato del 309 percento in tre anni, dimostrando la sua capacità di affrontare condizioni economiche difficili. Il successo di Bamboo è attribuito alla sua attenzione nel fornire soluzioni innovative ai mercati assicurativi dislocati.

All'inizio di quest'anno, White Mountains Insurance Group, (NYSE: WTM) ha effettuato un investimento significativo in Bamboo, acquisendo una partecipazione del 72% per 297 milioni di dollari. Questo investimento include capitale primario per supportare la continua crescita ed espansione di Bamboo nel settore assicurativo.

Bamboo Insurance ha logrado el puesto n. 1.680 en la lista de Inc. 5000 2024 de las empresas privadas de más rápido crecimiento en EE. UU. por segundo año consecutivo. La empresa alcanzó un notable crecimiento de ingresos del 309 por ciento en tres años, demostrando su capacidad para navegar en condiciones económicas desafiantes. El éxito de Bamboo se atribuye a su enfoque en ofrecer soluciones innovadoras a los mercados de seguros deslocalizados.

A principios de este año, White Mountains Insurance Group, (NYSE: WTM) realizó una inversión significativa en Bamboo, adquiriendo un 72% de participación por 297 millones de dólares. Esta inversión incluye capital primario para apoyar el crecimiento y expansión continuos de Bamboo en la industria de seguros.

Bamboo Insurance는 두 번째 해 연속으로 Inc. 5000 2024 미국에서 가장 빠르게 성장하는 사기업 목록의 1,680위에 올랐습니다. 이 회사는 3년 동안 309%의 매출 성장을 기록하며 어려운 경제 상황을 헤쳐 나갈 수 있는 능력을 입증했습니다. Bamboo의 성공은 이탈한 보험 시장에 혁신적인 솔루션을 제공하는 데 집중한 덕분입니다.

올해 초, White Mountains Insurance Group, (NYSE: WTM)은 Bamboo에 대한 중요한 투자를 하여 72%의 지분을 2억 9,700만 달러에 인수했습니다. 이 투자에는 Bamboo의 지속적인 성장과 보험 산업에서의 확장을 지원하기 위한 주 자본이 포함됩니다.

Bamboo Insurance a obtenu la 1.680ème place de la liste Inc. 5000 2024 des entreprises privées à la croissance la plus rapide aux États-Unis pour la deuxième année consécutive. L'entreprise a connu une croissance des revenus de 309 % sur trois ans, montrant sa capacité à naviguer dans des conditions économiques difficiles. Le succès de Bamboo est attribué à son orientation vers des solutions innovantes pour les marchés d'assurance délocalisés.

Plus tôt cette année, White Mountains Insurance Group, (NYSE: WTM) a réalisé un investissement significatif dans Bamboo, acquérant une participation de 72 % pour 297 millions de dollars. Cet investissement inclut un capital primaire pour soutenir la croissance continue et l'expansion de Bamboo dans le secteur de l'assurance.

Bamboo Insurance hat für das zweite Jahr in Folge den Platz 1.680 auf der Inc. 5000 2024 Liste der am schnellsten wachsenden privaten Unternehmen in Amerika erreicht. Das Unternehmen erzielte ein bemerkenswertes Umsatzwachstum von 309 Prozent in drei Jahren, was seine Fähigkeit zeigt, sich in schwierigen wirtschaftlichen Bedingungen zu behaupten. Der Erfolg von Bamboo ist auf seinen Fokus auf innovative Lösungen für dislozierte Versicherungsmärkte zurückzuführen.

Zu Beginn dieses Jahres tätigte White Mountains Insurance Group, (NYSE: WTM) eine bedeutende Investition in Bamboo und erwarb eine 72%ige Beteiligung für 297 Millionen Dollar. Diese Investition umfasst primäres Kapital zur Unterstützung des fortwährenden Wachstums und der Expansion von Bamboo in der Versicherungsbranche.

Positive
  • Achieved 309% three-year revenue growth
  • Ranked No. 1,680 on Inc. 5000 2024 list for second consecutive year
  • Received $297 million investment from White Mountains Insurance Group (NYSE: WTM)
  • WTM acquired a 72% stake in Bamboo Insurance
Negative
  • None.

With a three-year revenue growth of 309 percent, Bamboo Insurance ranks among America's Fastest-Growing Private Companies.

MIDVALE, Utah, Aug. 13, 2024 /PRNewswire/ -- Inc. announced today Bamboo Insurance has earned the No. 1,680 spot on the Inc. 5000 2024, its esteemed list of the fastest-growing private companies in America. This prestigious ranking offers a data-driven look at the most successful independent and entrepreneurial companies that have driven rapid revenue growth while navigating inflationary pressure and the rising costs of capital.

"Being included on the Inc. 5000 for a second consecutive year is a milestone we are incredibly proud of," said John Chu, Bamboo's Founder & CEO. "This achievement is a testament to the unwavering commitment our entire team demonstrates to delivering exceptional value to our partners and clients. No matter the challenge, we've remained focused on bringing innovative solutions to dislocated insurance markets."

Earlier this year, White Mountains Insurance Group, Ltd. (NYSE: WTM) invested $297 million, including primary capital to support Bamboo's growth, acquiring a 72% stake.

About Bamboo Insurance

We're a forward-thinking insurance organization dedicated to providing a seamless and innovative insurance experience with a strong emphasis on customer advocacy. By leveraging data and technology, we streamline the insurance process and enhance transparency for both our partners and policyholders. Learn more at our website.

Follow us on Instagram, Facebook, and LinkedIn.

Bamboo Ide8 Insurance Services (Bamboo) is Managing General Agency licensed to sell property-casualty insurance products; NPN 18657046; CA License #0M31082.

Bamboo Insurance Media Relations
Becca Powell
bpowell@bambooinsurance.com

About Inc.

Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.'s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. For more information, visit www.inc.com.

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SOURCE Bamboo Insurance

FAQ

What is Bamboo Insurance's ranking on the Inc. 5000 2024 list?

Bamboo Insurance ranked No. 1,680 on the Inc. 5000 2024 list of America's Fastest-Growing Private Companies.

What was Bamboo Insurance's three-year revenue growth rate?

Bamboo Insurance achieved a three-year revenue growth rate of 309 percent.

How much did White Mountains Insurance Group (WTM) invest in Bamboo Insurance?

White Mountains Insurance Group (NYSE: WTM) invested $297 million in Bamboo Insurance, acquiring a 72% stake in the company.

When did Bamboo Insurance appear on the Inc. 5000 list for the second time?

Bamboo Insurance appeared on the Inc. 5000 list for the second consecutive year in 2024.

White Mountains Insurance Group Ltd.

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