Reinsurance News
Acrisure
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
Acrisure acquires Tempo Title
27th September 2021
Acrisure has acquired Tempo Title, a private Title Insurance and settlement service provider in the United States, which will mark Acrisure entrance into the real estate services business. Through this acquisition, Acrisure will establish Acrisure Real Estate Services, a new division to provide homeowners, lenders and investors a broad suite of ... Read the full article
Acrisure Re names leaders within corporate advisory & solutions division
20th September 2021
Acrisure Re, the reinsurance business of Acrisure, has announced several senior appointments within its corporate advisory and solutions division (ARCAS), all of which will report to Managing Director, Ben Canagaretna. Firstly, Nick Godfrey has been named as Head of Capital Markets, with responsibility for capital raising activities across ILS, funds at Lloyd’s ... Read the full article
Acrisure hires Lowell Singer as CFO
15th September 2021
Insurance broker and fintech services provider Acrisure has appointed Lowell Singer as Chief Financial Officer. He joins Acrisure following 14 years with The Walt Disney Company, where he served as Senior Vice President of Investor Relations. Singer will assume responsibility for the planning, management and execution of the company’s finance activities, reporting ... Read the full article
Acrisure enters partnership with Quotal
18th August 2021
Insurtech ecosystem specialist Quotall has entered into a strategic partnership with global insurance distribution business Acrisure. The partnership will see Acrisure provide insurance product sourcing and insurer partnership services to meet the portfolio needs of Quotall clients. The joint strategy will offer a consolidated solution for big brands across industry sectors that ... Read the full article
Acrisure names Grahame Millwater Head of Global Insurance
29th June 2021
In an effort to expand and transform itself into a broader fintech financial services company, insurance broker Acrisure has appointed Grahame Millwater its new Head of Global Insurance. Acrisure plans to align its core insurance broker business around Millwater’s leadership and further diversify its portfolio in 2021 and beyond. Millwater most recently ... Read the full article
Acrisure Re partners with Kovrr to launch cyber division
14th June 2021
Acrisure Re, the reinsurance division of global brokerage Acrisure, has announced the formation of a new London-based cyber reinsurance unit in partnership with cyber risk modeller Kovrr. The new division will be led by Cyber Practice Leader, Tom Quy, and will utilise data-driven risk analysis from Kovrr. Kovrr’s modelling technology is designed ... Read the full article
Acrisure hires Mark McIlquham as President of UK Retail
21st May 2021
Insurance broker and fintech services provider Acrisure has appointed Mark McIlquham as President of UK Retail, bringing over twenty years of experience to its international operation. McIlquham was most recently a Deloitte financial services executive, where he was responsible for leading complex audit, M&A, restructuring and regulatory projects. He has been a ... Read the full article
Acrisure Re launches international fac unit, led by Matthew Harvey
18th May 2021
Acrisure Re, the reinsurance division of global brokerage Acrisure, has announced the launch of an international facultative unit, to be led by Matthew Harvey as Senior Vice President. Harvey, who will be based in London, joined Acrisure Re on May 10th and will report to Acrisure Re Group Chief Executive Officer ... Read the full article
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
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