Acrisure

Flux Syndicate 1985 to pre-empt by 50% in 2024

The Acrisure-owned Flux syndicate will see its 2024 starting capacity increase by 50.1 percent in only its second year of operation, The Insurer can reveal.

Flux Syndicate 1985 replaces Vesttoo capacity as Beazley, Chaucer remain silent

Lloyd’s start-up syndicate Flux has cancelled and replaced its Vesttoo capacity with that from at least one A rated traditional carrier, but fellow Lime Street (re)insurers Beazley and Chaucer are remaining silent on whether they have done the same, The Insurer can reveal.

Acrisure acquires UK MGA Modus Underwriting

Acrisure has continued its run of MGA acquisitions with a deal for London-based Modus Underwriting, which underwrites a range of commercial and residential property along with excess flood and short-term ownership property policies.

Acrisure snaps up flagship position in M&G’s 40 Leadenhall

Acrisure is to relocate its London headquarters to 40 Leadenhall, the M&G-owned development currently under construction in the City of London, in a move which highlights the expansive intermediary’s growth ambitions.

Lloyd’s start-up Flux in talks over Vesttoo reinsurance cover

Acrisure’s 1.1 Lloyd’s start-up Flux and the Asta Managing Agency have the option to cancel the Vesttoo reinsurance supporting its fledgling Lloyd’s Syndicate 1985 but are not obliged to find replacement cover, The Insurer can reveal.

Acrisure names Green leader of south region as brand rollout continues

Acrisure has rebranded its local partners in its south region in a continuation of its global brand roll out, with long-time partner Lori Green appointed as managing partner for the region.

Acrisure’s Greg Williams expects brokerage M&A to slow; bullish on organic growth

Acrisure CEO Greg Williams said at the S&P Global Ratings conference last week that he expects higher capital costs to slow the pace of consolidation in the brokerage segment, but was bullish on the sector over the fact that many macroeconomic dynamics that are headwinds to insureds are tailwinds to brokers.

Report: Acrisure interviewing banks ahead of potential IPO next year

Acrisure is interviewing banks for an initial public offering (IPO) that is expected to value the US broking consolidator at "well over $20bn", according to a report from Bloomberg citing people with knowledge of the matter.

Acrisure sets new platforms model in motion with Protection Group launch

Acrisure has established Acrisure Protection Group dedicated to the needs of US-based auto dealers, marking the first example of a platform formed under its new integrated model announced last month.

Acrisure targets larger M&A including wholesale and MGAs as number of deals moderates

Acrisure has so far done around 30 deals this year but expects the number of transactions to potentially fall as it looks to larger acquisitions including targeting the build out of its wholesale and MGA platforms as well as its international presence, The Insurer can reveal.

Acrisure moves towards integrated model with region and operating platform roll-out

Acrisure is beginning the process of unifying its operations under a single brand and integrating its many hundreds of agency acquisitions as it adopts a geographic region and operating platform structure, in a move the expansive firm says will accelerate its fintech model.

Acrisure enters Portuguese market with Universalis buy

Acrisure has entered the Portuguese insurance market with the acquisition of broker Universalis.

Acrisure’s Sutton: “Success breeds success” amid focus on organic growth

Acrisure London Wholesale’s CEO John Sutton is maintaining an organic growth strategy as the business continues to expand following a “better than planned” first five years.

Acrisure expands in Central and Eastern Europe with Unilink acquisition

Acrisure has expanded its central and eastern European presence with the acquisition of its largest insurance distribution platform, Unilink Group (Unilink).

Acrisure launches DACH operations with WTW’s Pahl

Acrisure has formed a new subsidiary covering the German, Austrian and Swiss markets – Acrisure Deutschland GmbH – led by Mathias Pahl as president of the new entity and head of the DACH region.

Acrisure announces eleventh UK partnership with Affinity acquisition

Acrisure has revealed its eleventh partnership in the UK market with the acquisition of Affinity Brokers Limited (Affinity).

Acrisure forms 8-member insurance leadership team with Kirk as president of NA retail

Fast-growing Acrisure has unveiled a new eight-strong insurance leadership team that will report to the broker’s president for global insurance Grahame Millwater, with Matthew Kirk given a new role as president of the firm’s North American retail operations.

Allianz’s Richard Boyd to lead Acrisure’s £84mn Flux Syndicate launch

Richard Boyd has been named active underwriter for Acrisure’s new Asta-managed Flux Syndicate 1985, which will have a stamp capacity of £84.4mn ($101mn) for its first year of trading.

Acrisure borrows $1bn to support M&A as revenues surge past $3.3bn

Fast-expanding US broking consolidator Acrisure has closed a senior secured incremental term loan facility with aggregate principal amount of $1bn to fund future acquisitions and pay related fees and expenses, in a move that follows a $725mn equity raise in May.