Reinsurance News

Acrisure to increase senior notes offering to $400m

22nd July 2019 - Author: Charlie Wood

US insurance brokerage Acrisure intends to increase its previously-announced offering of senior notes from $300 million to $400 million.

AcrisureThe company had said it intended to use the net proceeds from the offering to fund acquisitions and to pay related fees and expenses.

The notes are expected to be issued at an issue price of 100%, and will be guaranteed by each of Acrisure’s existing and future subsidiaries.

Over the past two years, Acrisure has grown from $650 million in revenue to approximately $1.5 billion.

It completed 92 acquisitions in 2017 and was anticipating over 100 by year-end 2018.


In March 2018, Acrisure announced the completion of its acquisition of Beach & Associates after the receipt of all necessary regulatory approvals.

The offering is expected to close on 1 August 2019, subject to customary closing conditions.

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Paul-Henri Rastoul named CUO of XL Insurance Company

Paul-Henri Rastoul has been appointed Chief Underwriting Officer (CUO) of XL Insurance Company SE (XLICSE), a wholly owned subsidiary within...