<SEC-DOCUMENT>0000905148-25-004055.txt : 20251114
<SEC-HEADER>0000905148-25-004055.hdr.sgml : 20251114
<ACCEPTANCE-DATETIME>20251114165019
ACCESSION NUMBER:		0000905148-25-004055
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20251114
DATE AS OF CHANGE:		20251114

SUBJECT COMPANY:	

	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:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-95333
		FILM NUMBER:		251487714

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lee-Smith Christopher
		CENTRAL INDEX KEY:			0002008627
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	MAIL ADDRESS:	
		STREET 1:		C/O ACCELERANT RE (CAYMAN) LTD.
		STREET 2:		#106, WINDWARD 3, REGATTA OFFICE PARK
		CITY:			WEST BAY ROAD, GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1108
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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<submissionType>SCHEDULE 13G</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0002008627</cik>
<ccc>XXXXXXXX</ccc>
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<liveTestFlag>LIVE</liveTestFlag>



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<formData>
<coverPageHeader>
<securitiesClassTitle>Class A common shares, $0.0000011951862 par value per share</securitiesClassTitle>
<eventDateRequiresFilingThisStatement>09/30/2025</eventDateRequiresFilingThisStatement>
<issuerInfo>
<issuerCik>0001997350</issuerCik>
<issuerName>Accelerant Holdings</issuerName>
<issuerCusip>G00894108</issuerCusip>
<issuerPrincipalExecutiveOfficeAddress>
<com:street1>Unit 106, Windward 3</com:street1>
<com:street2>Regatta Office Park, West Bay Road</com:street2>
<com:city>Grand Cayman</com:city>
<com:stateOrCountry>E9</com:stateOrCountry>
<com:zipCode>KY1-1108</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
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<designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
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<coverPageHeaderReportingPersonDetails>

<reportingPersonName>Lee-Smith Christopher</reportingPersonName>
<citizenshipOrOrganization>X0</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>20386940</soleVotingPower>
<sharedVotingPower>0</sharedVotingPower>
<soleDispositivePower>20386940</soleDispositivePower>
<sharedDispositivePower>0</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>20386940</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>17.4</classPercent>
<typeOfReportingPerson>IN</typeOfReportingPerson>
<comments>Notwithstanding the percentage reported in row 11, and excluding the Class A common shares underlying the Reporting Person's options, which are not exercisable within 60 days but have been included in the Reporting Person's beneficial ownership as reported herein out of abundance of caution, the Reporting Person owns approximately 8.0% of the aggregate Class A common shares and Class B common shares outstanding, and the Reporting Person's voting power represents approximately 1.5% of the aggregate voting power of the Issuer.</comments>
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<items>
<item1>
<issuerName>Accelerant Holdings</issuerName>
<issuerPrincipalExecutiveOfficeAddress>Unit 106, Windward 3, Regatta Office Park, West Bay Road, Grand Cayman, Cayman Islands, KY1-1108</issuerPrincipalExecutiveOfficeAddress>
</item1>
<item2>
<filingPersonName>Christopher Lee-Smith (the "Reporting Person")</filingPersonName>
<principalBusinessOfficeOrResidenceAddress>Unit 106, Windward 3, Regatta Office Park, West Bay Road, Grand Cayman, Cayman Islands, KY1-1108</principalBusinessOfficeOrResidenceAddress>
<citizenship>United Kingdom</citizenship>
</item2>
<item3>
<notApplicableFlag>Y</notApplicableFlag>
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<item4>
<amountBeneficiallyOwned>As of September 30, 2025, the Reporting Person may be deemed the beneficial owner of 20,386,940 Class A common shares.  This amount includes 17,640,679 Class A common shares and 2,746,261 Class A common shares the Reporting Person has the right to acquire upon exercise of options.</amountBeneficiallyOwned>
<classPercent>The Issuer has two classes of Common Stock: Class A common shares and Class B common shares. Each Class A common share is entitled to one vote per share, and each Class B common share is entitled to ten votes per share.  As of September 30, 2025, the Reporting Person may be deemed the beneficial owner of approximately 17.4% of the Class A common shares outstanding or, excluding the Class A common shares underlying the Reporting Person's options, which are not exercisable within 60 days but have been included in the Reporting Person's beneficial ownership as reported herein out of an abundance of caution, approximately 8.0% of the aggregate Class A common shares and Class B common shares outstanding.  The Reporting Person's aggregate voting power represents approximately 1.5% of the voting power of the Issuer.&#13;
&#13;
The beneficial ownership percentage of the Class A common shares set forth herein is calculated based on the sum of (i) 114,578,616 Class A common shares outstanding as of September 30, 2025, as reported in the Issuer's quarterly report on Form 10-Q filed with the Securities and Exchange Commission on November 12, 2025, and (ii) 2,746,261 Class A common shares the Reporting Person has the right to acquire upon exercise of options, which Class A common shares have been added to the quantity of Class A common shares outstanding in accordance with Rule 13d-3(d)(1)(i) under the Securities Exchange Act of 1934, as amended.  The aggregate percentage ownership of the Class A common shares and Class B common shares, and the Reporting Person's aggregate voting power set forth herein, are also based on 107,241,428 Class B common shares outstanding as of September 30, 2025, as reported in the Issuer's quarterly report on Form 10-Q filed with the Securities and Exchange Commission on November 12, 2025.</classPercent>
<numberOfSharesPersonHas>
<solePowerOrDirectToVote>20,386,940</solePowerOrDirectToVote>
<sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
<solePowerOrDirectToDispose>20,386,940</solePowerOrDirectToDispose>
<sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
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</item4>
<item5>
<notApplicableFlag>Y</notApplicableFlag>
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<item6>
<notApplicableFlag>Y</notApplicableFlag>
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<item7>
<notApplicableFlag>Y</notApplicableFlag>
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<item8>
<notApplicableFlag>Y</notApplicableFlag>
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<item9>
<notApplicableFlag>Y</notApplicableFlag>
</item9>
<item10>
<notApplicableFlag>Y</notApplicableFlag>
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</items>
<exhibitInfo>Exhibit 1: Power of Attorney, dated September 19, 2025</exhibitInfo>
<signatureInformation>
<reportingPersonName>Lee-Smith Christopher</reportingPersonName>
<signatureDetails>
<signature>/s/ David Pelsue</signature>
<title>David Pelsue, attorney-in-fact for Christopher Lee-Smith</title>
<date>11/14/2025</date>
</signatureDetails>
</signatureInformation>
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<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>lee-smith_poa.htm
<DESCRIPTION>POWER OF ATTORNEY
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    <div style="text-align: right; margin-bottom: 12pt; font-weight: bold;">EXHIBIT 1</div>
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        <div style="text-align: center; font-weight: bold;">POWER OF ATTORNEY</div>
        <div>&#160;</div>
        <div style="text-indent: 36pt;">
          <div style="text-indent: 36pt; margin-bottom: 12pt;">Know all by these present, that the undersigned hereby makes, constitutes and appoints each of Bruce Byrnes,
            Vandy Fitzpatrick, Richard Kefford, David Pelsue, Jay Green,<font style="font-size: 12pt;">&#160;</font>Stephanie Cannon, and Andrea Connell, each with full power of substitution of any other member of
            the legal department of the Company (as defined below) designated by the Company&#8217;s Chief Legal Officer, as the undersigned's true and lawful attorney-in-fact to:</div>
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              <td style="width: 31.5pt; vertical-align: top; color: #1F1F1F;">(1)</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: rgb(31, 31, 31);">prepare, execute in the undersigned's name and on the undersigned's behalf, and submit to the U.S. Securities and Exchange Commission (the "SEC") a Form ID, including amendments thereto, and any other
                  documents necessary or appropriate to obtain codes and passwords enabling the undersigned to make electronic filings with the SEC of reports required by Section 13 or Section 16 of the Securities Exchange Act of 1934, Rule 144 under the
                  Securities Act of 1933 ("Rule 144"), or any rule or regulation of the SEC;</div>
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        <div>&#160;</div>
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              <td style="width: 31.5pt; vertical-align: top; color: #1F1F1F;">(2)</td>
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                <div><font style="color: #1F1F1F;">serve as an account administrator for the undersigned's account in the SEC's enhanced Electronic Data Gathering, Analysis, and Retrieval system ("EDGAR Next"), which includes, among other things, the power
                    to: (i) appoint and remove account administrators, users, technical administrators and delegated entities; (ii) submit, or cause a person or entity so appointed to submit, filings through the EDGAR Next system on behalf of the
                    undersigned; (iii) manage the undersigned's EDGAR access codes; and (iv) modify and annually confirm the information in the undersigned's EDGAR Next account;</font><font style="color: rgb(31, 31, 31);"></font></div>
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              <td style="width: 31.5pt; vertical-align: top;">(3)</td>
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                <div style="color: rgb(31, 31, 31);">
                  <div><font style="color: #1F1F1F;">execute for and on behalf of the undersigned, in the undersigned's capacity as an officer and/or director of Accelerant Holdings</font>, <font style="color: rgb(31, 31, 31);">a Cayman Islands exempted
                      company (the "Company"),</font>&#160;<font style="color: rgb(31, 31, 31);">any and all reports on Form 3, Form 4, Form 5, Schedule 13D, Schedule 13G, or Form 144, or any successor reports, or any amendment or amendments thereto, with
                      respect to the any security of the Company; and<br>
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        <div>&#160;</div>
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              <td style="width: 31.5pt; vertical-align: top;">(4)</td>
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                <div style="color: rgb(31, 31, 31);">do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5, Schedule 13D or 13G, or Form 144, including any
                  successor reports, complete and execute any amendment or amendments thereto, and timely file such form with the SEC and any stock exchange or similar authority.<br>
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        <div>&#160;</div>
        <div style="text-indent: 36pt;">The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing
          whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution
          as set forth herein or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and
          powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to
          comply with Section 13(d) or Section 16 of the Securities Exchange Act of 1934 or Rule 144.</div>
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        <div style="text-indent: 36pt;">This Power of Attorney shall remain in full force and
            effect until the undersigned is no longer required to file reports with the SEC with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier (a) revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact or (b) superseded by a
            new power of attorney regarding the purposes outlined herein at a later date.</div>
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        <div style="text-indent: 36pt; color: #1F1F1F;">IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 19th <font style="color: rgb(31, 31, 31);">day of September</font>,<font style="color: rgb(31, 31, 31);"> 2025.</font> </div>
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                <div style="color: rgb(31, 31, 31); margin-left: 45pt;">/s/ Christopher Lee-Smith<br>
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                <div style="margin-left: 45pt;">Christopher Lee-Smith<br>
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