Acrisure

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It’s been another week of interviews with industry leaders at The ReInsurer as we tap into the important topics and events that are shaping the market in the run up to the 1.1 renewals.

Canadian carriers warrant “rational” reinsurance renewal: Beach’s Turner

Canadian insurers can expect to face a “rational” reinsurance renewal heading into 2021, with the market benefiting from plenty of capital and having avoided the soaring loss trends that have impacted carriers in the US, according to Beach’s Jeff Turner.

Collateralized challenges present opportunity “like no other” to rated reinsurers: Beach’s Hontz

Rated reinsurers have an opportunity the likes of which has not seen in years at the upcoming renewals as clients turn away from the collateralized market over trapped capital and commutation concerns, according to Beach’s Clark Hontz.

Why reputation and relevance has never mattered more for our industry

So far, 2020 has been a year like no other – we are still navigating the effects of the global Covid pandemic, rates are hardening, and there has been a flurry of capital raising initiatives.

Beach Re hires Willis Re’s Berkstresser to launch Seattle unit

Acrisure-owned Beach & Associates has hired Willis Re’s Warren Berkstresser as senior vice president of its US reinsurance division, Beach Re, where he will launch the broker’s operations in Seattle.

Acrisure buys Tulco’s AI insurance business to deploy insurtech at scale

Fast growing intermediary platform Acrisure has bought artificial intelligence (AI) specialist Tulco’s insurance practice in a move it says will allow it to bring best-in-class data science, AI and machine learning capabilities to the insurance brokerage industry.

Beach continues build out of transportation unit

Acrisure-owned Beach & Associates has added Chesterfield’s James Wells to its newly-launched transportation unit within its wholesale business.

Beach enters transportation market with Chesterfield’s Williamson

Acrisure-owned Beach & Associates has hired Christopher Williamson from Chesterfield to launch a transportation unit within its wholesale business.

Beach predicts ‘above-average’ hurricane season

Acrisure-owned Beach & Associates has added its voice to the consensus forecast of an “above-average” North Atlantic hurricane season, warning the cost of a 2020 landfall hurricane may be “considerably amplified” as a result of the coronavirus pandemic.

Acrisure on the SME revolutionary road…

Changes at retail agent consolidator Acrisure which include a focus on cutting costs from the SME insurance transaction raise some intriguing possibilities…

Acrisure realigns management for next phase of growth

Acrisure has realigned executive responsibilities as part of a repositioning for its next phase of development that will also see a focus on removing costs from the insurance transaction and the pursuit of joint ventures and investment opportunities, The Insurer can reveal.

Acrisure revenues expected to top $2bn this year

Fast-growing broker consolidator Acrisure is expected to exceed total revenue of $2bn for full-year 2020, according to S&P Global Ratings.

Beach enters A&H with RICS acquisition

Acrisure-owned Beach & Associates has entered the accident & health reinsurance market with a deal to buy Atlanta-based specialist broker Risk and Insurance Consulting Services (RICS), The Insurer can reveal.

Acrisure revenues surged 30% to $1.4bn in 12M to 30 June

Rapid growing broker consolidator Acrisure generated revenue of $1.4bn for the 12 months through June 2019, representing a 30 percent growth rate, as it delivered a strong Ebitda margin near 35 percent.

Altway appoints Wright as chief insurance officer

Beach managing director David Wright has joined Altway Insurance, the new AI-driven direct-to-consumer brokerage platform formed by Acrisure and Tulco Holdings in July, as chief insurance officer, The Insurer can reveal.

Acrisure launches AI-based brokerage JV with investment firm Tulco

Insurance broker consolidator Acrisure and investment company Tulco Holdings have unveiled Altway Insurance, a direct-to-consumer brokerage platform fully supported by artificial intelligence.

Beach & Associates looks to North American growth

London-headquartered Beach & Associates is considering further expansion opportunities in the North American market, including the opening of more regional offices to build on its existing network, The Insurer can reveal.

Beach hires JLT duo as it expands London wholesale

Broker Beach & Associates has hired Gavin Johns and Richard Emson from JLT Re to its London Wholesale division.

Acrisure fundraising to keep consolidator on course for record 2019

Acrisure’s proposed $300mn debt offering will help fuel a highly active M&A strategy that has already put the US broker consolidator ahead of the pace it set in 2018 both in terms of transaction volume and revenue, The Insurer understands.

Beach hires casualty and comp exec Fields

Reinsurance intermediary Beach & Associates has hired former JLT Re executive Scott Fields as senior vice president in its Burlington, North Carolina office, The Insurer can reveal.

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