Reinsurance News

Acrisure

Acrisure acquires Affinity Brokers

19th January 2023

Fintech leader, Acrisure has acquired Affinity Brokers Limited. The transaction is expected to close in the near term, pending FCA regulatory approvals. Founded in 2010 by Scott Meechan and Yvonne McKnight, Affinity is a commercial insurance broker based in Glasgow, Scotland. Over the years, the broker has grown and developed a well-established specialism ... Read the full article

Acrisure expands insurance leadership team

13th December 2022

Fintech firm Acrisure has expanded its insurance leadership team. The firm said in a statement that the updated team includes Matthew Kirk, president for North American retail; Andy Schutt, head of global insurance operations; and Bob Arowood, president for north American P&C wholesale. It also includes Steve Brown, head of private risk ... Read the full article

Acrisure appoints Boyd as active underwriter for Flux Syndicate at Lloyd’s

30th November 2022

Global insurance broker and fintech platform, Acrisure, has appointed Richard Boyd as active underwriter for Flux Syndicate at Lloyd's. Boyd joins Acrisure from Allianz Risk Transfer (ART), having begun his career there in London in 2005, and moving to ART Bermuda in 2008. Boyd subsequently became head of insurance-linked markets at the ... Read the full article

Acrisure to acquire two more firms

26th October 2022

Fintech firm Acrisure is to acquire the firms Sutton Winson and Sutton Specialist Risks (SSR). Both deals are subject to FCA approval and are expected to close within the next few weeks. This year, the firm says that it has completed or has under a letter of intent more than 120 ... Read the full article

Capacity & pricing increasing challenges for the re/insurance market: Acrisure

11th October 2022

Acrisure has started to see increased evidence of capacity and pricing issues in different segments, from Californian residential wildfire exposure through to Property Catastrophe issues, said Grahame Millwater, President, Global Insurance at Acrisure in a recent interview with Insurance Advisory Partners. Additionally, damages caused by Hurricane Ian hitting Florida and the ... Read the full article

Acrisure acquires CRK Commercial Insurance Services

28th September 2022

Global insurance broker and fintech leader, Acrisure has announced its acquisition of CRK Commercial Insurance Services Limited, the specialist commercial schemes provider. The deal is expected to close at the start of October 2022. Established in 2000, CRK is a highly successful broker within the manufacturing and engineering space, under the leadership ... Read the full article

Acrisure expands digital capabilities with B2Z Insurance acquisition

21st September 2022

Global insurance broker and fintech platform, Acrisure, has acquired B2Z Insurance, a digitally native company that helps business owners obtain customizable insurance coverage in minutes. According to the announcement, this acquisition strengthens Acrisure’s digital offering and complements its recent partnership with QuickInsured, a technology insurance platform that offers customers personal lines ... Read the full article

Lloyd’s grants ‘in principle’ approval for launch of Flux syndicate 1985

14th September 2022

The specialist Lloyd’s re/insurance marketplace has granted ‘in principle’ approval for the launch of Flux syndicate 1985 that will commence underwriting at the beginning of next year. The news was announced in a joint statement from third-party managing agent Asta and the firm Acrisure. It said that Flux is expected to ... Read the full article

Acrisure acquires two leading MSPs to expand its cyber services division

22nd July 2022

Acrisure, a fast-growing fintech leader and insurance broking group, has acquired two Managed Service Providers (MSP) within its cyber services division: Catalyst Technology Group and ITS Inc. Based in Indianapolis, Indiana, Catalyst Technology Group offers small-and-medium (S&M) size businesses enterprise-class IT support with a specialty in streamlining processes for better customer ... Read the full article

Marsh McLennan extends lead as top global broker based on 2021 revenues

6th July 2022

Marsh McLennan remains the world's largest re/insurance broker, in terms of total revenues, which reached a huge $19.8 billion for the firm in 2021, according to our directory of the Top 20 Global Insurance & Reinsurance Brokers, based on research data from A.M. Best. Year-on-year, Marsh McLennan's ... Read the full article

MGAM and SCOR to lead Gov-backed scheme for fire assessors

29th June 2022

UK insurer MGAM, an Acrisure partner, and SCOR, in partnership with the Department for Levelling Up, Housing and Communities, will deliver a new Government backed professional indemnity insurance (PII) scheme for EWS1 assessors, according to an announcement. The external wall fire review process forms (EWS1) were developed by the Royal Institution ... Read the full article

Acrisure picks up brokerage Russell Scanlan

22nd June 2022

Acrisure has bought broker and risk management firm Russell Scanlan. The deal, which is pending approval by the UK’s Financial Conduct Authority (FCA), is expected by the firm to be completed in ‘the near term’. To date in 2022, Acrisure has completed or has under letter of intent 100 acquisitions. Established in ... Read the full article

Acrisure secures $725m in new funding

31st May 2022

Acrisure has secured additional funding to fuel its ongoing global expansion further. The firm said it had closed $725m in Series B-2 Preferred Equity and received a $23bn valuation, representing a 31% increase from its last preferred equity raise in March 2021. The round of investing was led by the Abu Dhabi ... Read the full article

Acrisure names new EVP, Head of Insurance Strategy & Execution

20th May 2022

Global insurance broker and fintech platform, Acrisure has announced that it has appointed Matthew Kirk as Executive Vice President and Head of Insurance Strategy and Execution. Kirk joins Acrisure following 16 years at US property & casualty insurer, The Hartford, where he served as Senior Vice President, Chief Sales & Distribution ... Read the full article

Acrisure Re hires Ainsby from WTW to lead new Asia fac operation

18th May 2022

Acrisure Re, the reinsurance arm of the brokerage and fintech platform, has hired Duncan Ainsby from WTW to lead its new Asia facultative operation based out of the firm's new Hong Kong office. Ainsby takes on the role of Senior Vice President (SVP) of Facultative Reinsurance and Head of Asia. Based ... Read the full article