Global insurance broker Acrisure has launched a new subsidiary covering the German, Austrian, and Swiss markets, which will be led by Mathias Pahl, who joins from WTW.
Pahl will serve as President of the new subsidiary, Acrisure Deutschland GmbH and Head of DACH with immediate effect. He will be tasked with building out P&C operations including through potential acquisitions.
Based in Munich, he reports to Jason Howard, President of Acrisure International and Chairman of its reinsurance arm, Acrisure Re.
Pahl brings three decades of industry experience to the role, joining from brokerage WTW where he spent 19 years managing its German unit, most recently as Chief Executive Officer (CEO) of WTW Germany and Austria.
“We are rapidly expanding in our target geographies and the DACH region is a market with incredible potential and opportunity. Launching Acrisure Deutschland GmbH will give Acrisure and our partners direct access to the Central European markets and we look forward to further growth across the region,” said Howard.
“Mathias is the ideal candidate to lead this expansion. He has a wealth of expertise and extensive long-standing relationships which will be incredibly valuable. I look forward to working with him as we look for brokers who align with our specialism and culture of innovation and entrepreneurialism,” he continued.
Pahl said: “Acrisure is the fastest growing Insurance broker in industry history and continues to innovate, transform and differentiate from other players in the market. Its extensive network offers incredible opportunity for its broking partners to access global markets. I look forward to working with Jason and the broader team as we build Acrisure’s presence in Central Europe.”