In an effort to expand and transform itself into a broader fintech financial services company, insurance broker Acrisure has appointed Grahame Millwater its new Head of Global Insurance.
Acrisure plans to align its core insurance broker business around Millwater’s leadership and further diversify its portfolio in 2021 and beyond.
Millwater most recently served as President of Acrisure International and Global Markets. He joined in 2018 following the acquisition of Beach & Associates.
In late 2020, Beach & Associates became Acrisure Re fully representing Acrisure’s reinsurance broking and corporate risk advisory division.
Prior to Beach & Associates, Millwater served in several senior positions over a 27-year tenure with Willis Group.
He was CEO of Willis Re from 2004, and then became President of Willis Group in 2008 with responsibility for all the global and international businesses outside North America.
“This organizational alignment is the next clear step on Acrisure’s path to become a fintech financial services provider,” said said Greg Williams, Co-Founder, President and CEO of Acrisure.
“This vision is inclusive of and goes beyond the success of our core insurance brokerage business. In eight short years, we’ve taken Acrisure from $38 million to more than $2.3 billion in revenue, fueled by an entrepreneurial mindset and a no limits perspective. Our opportunity today is unlike any other.”
Commenting on his appointment, Millwater said, “I’m grateful to Greg and Acrisure’s global Partner network for the trust placed in me for this opportunity.
“Together, we are creating the next generation distribution model, predicated on the best of human skills and capabilities, combined with the application of technology and AI.
“Beach joined Acrisure because of the unique model and potential of what Greg and the team were building. The opportunity has surpassed all our expectations, and I am excited to continue to play a key role in the further expansion of such an exciting and unique business.”