Reinsurance News

Acrisure

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

Acrisure partners with Coalition to unveil Cyber Risk Assessment

3rd May 2022

Global insurance broker, Acrisure, has announced that it has entered into a partnership with cyber insurance and security provider, Coalition. Acrisure’s Cyber Services division will offer the Coalition Risk Assessment, which is designed to help small and mid-size organisations understand their cyber and digital risk exposure. The risk assessment offers a personalised ... Read the full article

Acrisure to acquire Volante Global; expects premiums to increase substantially

22nd March 2022

Insurance and reinsurance broker Acrisure is set to acquire managing general agent (MGA) Volante Global, a provider of niche, specialist re/insurance solutions with 2021 premiums of roughly $350 million. Under the arrangement, Acrisure will take control of all of Volante's brands, including Aesir Space, Horizon Europe AG, and all territory-based MGAs ... Read the full article

Lloyd’s syndicate uses Vesttoo’s marketplace for agg stop-loss transaction

14th March 2022

Vesttoo, an AI-based insurance-linked investment platform, continues to expand its risk-agnostic offering and P&C liabilities focus, with this news of a transaction for a large Lloyd’s syndicate in the UK that wished to place an aggregate stop-loss transaction covering multiple perils, with total subject gross net written premiums of $270 ... Read the full article

Acrisure acquires Summa Insurance Brokerage

7th March 2022

Global insurance broker and fintech platform Acrisure has acquired Summa Insurance Brokerage, making it Acrisure’s first expansion into the Spanish market, bringing the number of countries in which the company has a physical presence to ten. This follows Acrisure’s recent partnership with Brazilian firm It’sSeg and adds another major European ... Read the full article

Acrisure Re names Duncan Ainsby as Head of Asia

25th February 2022

Acrisure Re, the reinsurance arm of the global insurance broker and fintech platform, has appointed Duncan Ainsby as Senior Vice President, Head of Asia, where he will be based in Hong Kong. He joins from WTW, where he held the role of Strategic Account Director for just under three years. Prior to ... Read the full article

Acrisure launches cyber services division

24th January 2022

Michigan-based Acrisure is to launch its own cyber services division. The company, which already has insurance, reinsurance, real estate services, and asset management divisions, said that it is forming Acrisure Cyber Services. The fintech company said that its new division would offer businesses an all-in-one solution encompassing risk assessment, insurance, security ... Read the full article

Acrisure Re names Ming Li as Global Head of Cat Modeling

18th January 2022

Acrisure Re, the re/insurance broker and fintech platform of Acrisure, has announced the appointment of Ming Li to the new role of Managing Director and Global Head of Catastrophe Modeling. Effective January 18th, he will be based in New York and will report to Michael Cross, President of Acrisure Re North ... Read the full article

B.P. Marsh & Partners to sell Summa shares for €9.7mn

12th January 2022

Specialist early-stage investor B.P. Marsh & Partners has announced the sale of its entire 77.25% shareholding in Summa Insurance Brokerage (Summa), the Madrid based Spanish insurance broker consolidator, to Acrisure España, the Spanish subsidiary of the global financial services business. Upon completion, the group will receive €9,715,484 (£8,113,817), after all associated ... Read the full article

Acrisure grows tech platforms with Appalachian takeover

7th January 2022

Fintech firm Acrisure has announced the acquisition of Appalachian Underwriters, a U.S. Managing General Agency (MGA), and U.S. Administrator Claims, a Third-Party Administrator (TPA), in addition to affiliated entities. With a model that encompasses both an MGA and wholesale distribution, Appalachian places more than $400 million gross written premium (GWP) into ... Read the full article

Acrisure makes senior promotions in North America

5th January 2022

Acrisure Re, the reinsurance arm of the global insurance broker and fintech platform, has promoted Michael Cross to President of the North American division. Previously head of the Burlington, North Carolina office and NA COO, Cross will now focus on running and developing the strategic direction of Acrisure Re’s reinsurance business ... Read the full article

Acrisure acquires the MGA and TPA operations of SUNZ Insurance

23rd December 2021

Acrisure, a fintech company that operates as a global insurance broker, has acquired the Managing General Agency (MGA) and Third-Party Administrator (TPA) operations of SUNZ Insurance, a specialist provider of workers' compensation insurance. Through the acquisition, Acrisure has purchased Next Level Administrators; Watchpoint; Ascential Care partners; Avalon; and Accelevant Premium Audit. For ... Read the full article

Acrisure Re bolsters leadership team with EVP, SVP appointments

8th November 2021

Acrisure Re, the re/insurance broker and fintech platform of Acrisure, has added Ian Wicks, as an executive vice president and Simon Arnott as a senior vice president. Wicks has been assigned to the firm’s London office and will report to partner Nigel Dane. His new role at Acrisure Re will focus on ... Read the full article

Acrisure expands into Brazil via It’sSeg takeover

21st October 2021

Insurance broker and fintech services provider Acrisure has announced plans to acquire It’sSeg, the largest independent benefit management and insurance broking firm in Brazil. The deal marks Acrisure’s entry into the Brazilian market and represents a substantial expansion of its Latin American operations. Founded in 2014 by Thomaz Menezes and the private ... Read the full article