Acrisure
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Inside P&C’s news team runs you through the key highlights of the week. -
The pivot from the industry’s arch decentralizer underscores the opportunities brokers are chasing in a deteriorating operating environment.
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The company will operate under a single brand as it moves away from its prior reputation as broking’s arch decentralizer.
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Jennifer D’Arcy will be responsible for building out the carrier’s fac strategy for North America from London.
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Increased cost of capital is cooling tuck-in M&A, encouraging a pivot to organic growth and forcing greater creativity around financing.
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Singer’s hire was perceived as an attempt to build out the finance function of the broker in a way which would make the firm public market ready.
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The proposed change could disrupt M&A at brokers, shift the calculus in favor of team lifts and dial up C-suite focus on becoming an employer of choice.
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The appointments come after a slew of acquisitions, with many executives from acquired entities taking senior roles.
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The launch will allow the Lloyd’s market to access a greater proportion of Acrisure’s $32bn managed premium.
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The new recruit joins from Guy Carpenter and has worked at JLT Re and Willis Re.
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In the first half of 2022, PCF's deal volume totaled 48 transactions, while Acrisure stood at 43 transactions.
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