Acrisure
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The six execs left Acrisure for rival broker Woodruff Sawyer in March.
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The team members’ backgrounds include construction, bonding and surety.
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The P&C business will be led by managing director Brian Fischer.
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The executive will report to Acrisure North America president Michael Cross.
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The company’s book is being run off by Boost Insurance.
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Adrian Jones will report to Acrisure’s president of global insurance Grahame Milwater, a spokesperson for the broker confirmed Tuesday.
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The question of how to finance the private brokers no longer begins and ends with a PE flip.
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Inside P&C’s news team runs you through the key highlights of the week.
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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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The vehicle would back the broker’s MGAs but also write business channelled via its extensive retail network.
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The top-10 US retail broker has built probably the greatest growth story in the insurance market’s history.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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A tougher environment for debt financing and a potential recession will reverse some of the remarkable tailwinds of recent years.
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Inside P&C’s news team runs you through the key developments from the past week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The anticipated funding round is perceived as a steppingstone towards public listing.
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Matthew Kirk will join the carrier’s insurance executive leadership team and report to Grahame Millwater, president of global insurance.
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Following the acquisitions of Trov and Insureon, what InsurTech M&A deals are next?
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The MGA was launched in 2017 and wrote $350mn of premium in 2021, the same year it announced the approval for a Lloyd’s syndicate.
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Acrisure Re brokered the deal.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The deal follows Acrisure’s recent purchase of Brazil's It’sSeg and adds another European market to its operations.
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The 11,500-seat home of the Coachella Valley Firebirds hockey team is slated to open by the end of the year.
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The new cyber business will offer risk assessments in real time, insurance broking services, security & antivirus products and recovery infrastructure.
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Inside P&C’s news team runs you through the key developments from the last week.
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Michael Fitzgerald has also been promoted to head of the firm’s North Carolina office.
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The retail broker said the deal for Appalachian would accelerate its implementation of AI and machine learning in its bid to "revolutionize the value chain".
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The deal for top-10 MGA, which writes around $500mn in premiums, would mark a dramatic expansion in Acrisure’s underwriting capabilities.
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The insurance broker expects to announce further related and complementary acquisitions in the near future.
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Nunery’s appointment will accelerate Evolution Advisors’ goal to provide greater access to financial services for minority-owned businesses and diverse communities.
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“The fronts are having a material effect and business is absolutely roaring within the MGA program space at this point in time,” the Acrisure Re CEO said.
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Through the deal, Acrisure will establish a new division, Acrisure Real Estate Services.
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Nick Godfrey has been made head of capital markets, Jonathan Zisaruk head of legacy, Lauren Johnson president of corporate advisory and solutions, and Nick Triggs a non-executive board member.
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Lovell Singer replaces Matt Schweinzger, who stepped down in April after becoming embroiled in a high-profile Ponzi scheme.
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Craig Darling said the opening of a dedicated branch in Florida showed Acrisure Re’s commitment to the state and region.