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Reinsurance News
20th September 2019
US insurance broker Acrisure has partnered with investment company Tulco Holdings to launch Altway Insurance, a direct-to-consumer brokerage platform that is fully supported by artificial intelligence (AI). Altway also plans to work closely with Google Cloud AI to support the automation of client-facing operations, marketing, sales and product-distribution channels. This integrated AI ... Read the full article
22nd July 2019
US insurance brokerage Acrisure intends to increase its previously-announced offering of senior notes from $300 million to $400 million. The 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 ... Read the full article
17th July 2019
US insurance brokerage Acrisure has announced plans to offer approximately $300 million in senior debt. The company intends to use the net proceeds from the offering to fund acquisitions and to pay related fees and expenses. The $300 million aggregate principal amount of senior notes is due 2026. Over the past two years, ... Read the full article
11th December 2018
U.S investment giant Blackstone has led a $2 billion investment in U.S. insurance broker Acrisure via funds managed by its GSO Capital Partners and Tactical Opportunities businesses. The group of investors led by Blackstone also consisted of Partners Group and Harvest Partners SCF. Acrisure remains over 83% owned by its own management ... Read the full article
14th June 2018
U.S. insurance broker Acrisure has announced the appointment of industry veteran William Malloy as President of its Specialty Division. Malloy spent over a decade with AIG, serving in various executive positions in the U.S. and Europe. He then joined Marsh Inc. and held various leadership positions before serving as President from ... Read the full article
13th March 2018
Reinsurance brokerage Beach & Associates has announced the completion of its acquisition by U.S. retail consulting and insurance broking group, Acrisure, LLC, after the receipt of all necessary regulatory approvals. The deal was initially announced in January 2018, and Acrisure has now acquired 100% of Beach's equity from existing shareholders, as ... Read the full article
10th January 2018
Reinsurance brokerage Beach & Associates is to be acquired by U.S. retail consulting and insurance broking group Acrisure, LLC, who will acquire 100% of Beach’s equity from existing shareholders, including private equity specialists Aquiline Capital Partners. Beach will retain its name, identity and approach under the new ownership, operating as an ... Read the full article
