Reinsurance News
Acrisure
Acrisure names Doug Hodo as Director of Large Relationships
23rd April 2021
Insurance broker and fintech services provider Acrisure has announced the appointment of Doug Hodo as Director of Large Relationships. In this new position, Hodo will lead a team specializing in large customer relationships. Its aim will be to unify Acrisure’s direct sales efforts toward large companies seeking products and services in critical ... Read the full article
Acrisure hires Matthew Marolda as CIO
7th April 2021
Global insurance broker and fintech financial services provider Acrisure has appointed Matthew Marolda as its first Chief Innovation Officer. He will be focusing on business and growth opportunities aligned with Acrisure’s artificial intelligence (AI), data and technology platform. Marolda has spent his career using data and analytics to drive strategic, marketing and ... Read the full article
Acrisure forms asset management division, appoints Patrick Rogers to lead
30th March 2021
Insurance broker Acrisure has announced the launch of a new asset management division to be led by asset and wealth management veteran Patrick Rogers. Rogers will serve as president of the decision and brings with him a 35-year career having led both Gateway Investment Advisers and Quadrant Capital Group. He is now ... Read the full article
Acrisure closes $3.4bn capital raise
24th March 2021
Global re/insurance brokerage Acrisure has announced the successful closing of two transactions representing a significant $3.4 billion capital raise, led by merchant bank BDT Capital Partners. BDT led a $3 billion investment, via its affiliated investment funds, into the broker's Senior Preferred Stock. Additionally, a consortium of investors, which the broker says ... Read the full article
Beach & Associates rebranded to Acrisure
8th December 2020
Beach & Associates, the reinsurance brokerage arm of Acrisure, is to be rebranded as Acrisure Re and Acrisure London Wholesale, the company has announced. The rebrand comes as part of Acrisure’s increasing focus on technology and artificial intelligence, and follows the recent acquisition of AI firm Tulco’s insurance assets. Beach was originally ... Read the full article
Acrisure acquires artificial intelligence insurance business from Tulco
4th August 2020
Acrisure has announced that it has acquired artificial intelligence leader, Tulco LLC’s insurance practice to bring in data science, AI and machine learning capabilities to the insurance brokerage industry. Acrisure said that the acquisition will be “a transformational move” for the company as it will enable a true deployment of insurtech ... Read the full article
Acrisure partners with Tulco on AI-powered brokerage platform
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
Acrisure to increase senior notes offering to $400m
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
Acrisure offers $300m senior debt to fund acquisitions, growth
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
Blackstone leads $2bn investment in Acrisure
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
Acrisure appoints industry veteran William Malloy as President of Specialty
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
Acrisure finalises Beach takeover
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
Beach & Associates acquired by Acrisure
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
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