Articles from Acrisure

Acrisure today announced the appointment of Mark Wassersug as Chief Technology Officer and Shawn Pelsinger as Chief Administrative Officer, effective later this month.

Acrisure today announced that Robin Benoit will serve as the Company’s Chief People Officer, effective September 29, 2024. Benoit, who was previously serving in the role in an interim capacity since March 2024, will report to Greg Williams, the Company’s Co-Founder, Chairman and CEO.

Acrisure today announced that John Tuttle, currently Vice Chairman of the New York Stock Exchange, will join Acrisure as President, effective September 1, 2024. Tuttle will relocate to Grand Rapids and report to Acrisure Co-Founder, Chairman and CEO Greg Williams.

Acrisure today announced Aaron Miller as Chief Financial Officer, reporting to Co-Founder, Chairman and CEO Greg Williams.

Acrisure, LLC (the “Company”) and Acrisure Finance, Inc. (together with the Company, the “Issuers”) announced today the pricing of $1,100,000,000 aggregate principal amount of 7.500% secured senior notes due 2030 (the “senior secured notes”) and $500,000,000 aggregate principal amount of 8.500% unsecured senior notes due 2029 (the “senior notes” and together, the “notes”). The Issuers intend to use a portion of the net proceeds from the notes offering to refinance the 2023 Refinancing Term Loans (as defined in the Credit Agreement), the 2021-2 Additional Term Loans (as defined in the Credit Agreement) and the outstanding borrowings under the revolving credit facility in the First Lien Credit Agreement, dated November 22, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), along with the provision of funds to facilitate the concurrent tender offer for up to all of the $400 million aggregate outstanding principal amount of our outstanding 10.125% Senior Notes due 2026 (the “2026 Notes”). The Issuers expect to use any remaining net proceeds from the notes offering to pay related transaction fees and expenses. This press release does not constitute an offer to sell or a solicitation of an offer to sell the 2026 Notes or a notice of redemption.

Acrisure, LLC (the “Company”) and Acrisure Finance, Inc. (together with the Company, the “Issuers”) announced today that they plan to offer, subject to market conditions, approximately $1,375,000,000 aggregate principal amount of secured senior notes due 2030 and $500,000,000 aggregate principal amount of unsecured senior notes due 2029 (together, the “notes”). The Issuers intend to use a portion of the net proceeds from the notes offering to refinance the 2023 Refinancing Term Loans (as defined in the Credit Agreement), the 2021-2 Additional Term Loans (as defined in the Credit Agreement) and the outstanding borrowings under the revolving credit facility in the First Lien Credit Agreement, dated November 22, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), along with the provision of funds to facilitate the concurrent tender offer for up to all of the $400 million aggregate outstanding principal amount of our outstanding 10.125% Senior Notes due 2026 (the “2026 Notes”). The Issuers expect to use any remaining net proceeds from the notes offering to pay related transaction fees and expenses. This press release does not constitute an offer to sell or a solicitation of an offer to sell the 2026 Notes or a notice of redemption.

Acrisure, LLC, a Michigan limited liability company (“Acrisure” or the “Company”), announced today that it has commenced an offer to purchase for cash (the “Tender Offer”) any and all outstanding 10.125% Senior Notes due 2026 issued by Acrisure and Acrisure Finance Inc. (the “Notes”). In conjunction with the Tender Offer, Acrisure is soliciting consents (the “Consent Solicitation”) to adopt certain proposed amendments to the indenture governing the Notes (the “Indenture”) to eliminate certain of the covenants, restrictive provisions and events of default from such Indenture (collectively, the “Proposed Amendments”).

Acrisure today announced the formation of its Midwest Region which comprises businesses in Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wisconsin. These states consist of more than 50 offices that now operate as a unified team under the Acrisure name and leadership of Managing Partner Tina Semotan. Clients will now have access to a broad array of solutions spanning insurance, cybersecurity, mortgage origination, payroll services and much more – all delivered by the best of humans and technology.

Acrisure, a global Fintech leader, today announced the formation of a newly dedicated Life and Health business segment that will fall under the Company’s recently announced Wholesure division. Wholesure comprises Acrisure’s P&C wholesale lines of business and now expands to include Life and Health.

Acrisure announced the formation of its New England Region, encompassing its businesses in Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. Acrisure’s New England presence includes 27 office locations, with nearly 400 employees serving over 57,000 customers. The Company also operates a key office in Boston’s Back Bay, home to colleagues working in Innovation, Marketing and Cyber Services.

Acrisure, a global Fintech leader, today announced the formation of its Great Lakes Region, encompassing its businesses in Michigan, Indiana and Ohio. Over the last year, Acrisure has rapidly rolled out the Acrisure brand to its businesses throughout the United States to ensure clients know the breadth of solutions it offers people’s businesses and lives, including insurance, mortgage origination, cyber services, payroll and much more.

Acrisure, a global Fintech leader, today announced a new division integrating its wholesale property and casualty businesses under the new brand “Wholesure”.

Acrisure, a global Fintech leader, today announced the formation of its Southeast Region, encompassing its businesses in Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina and Tennessee. Led by current Acrisure Partner Dave Hoover, this is the Company’s largest Region by revenue.

Acrisure, a global Fintech leader, today launched a division to cater to the unique needs of the aerospace industry. Acrisure Aerospace is composed of several Acrisure businesses under the leadership of Managing Partner Jason Riley.

Acrisure, a global Fintech leader, today announced the formation of the Company’s Northwest Region encompassing its businesses in Alaska, Colorado, Idaho, Montana, Oregon, Utah, Washington and Wyoming. Led by Managing Partner Jim Hunt, the Region will operate under a common brand and organizational structure as a means to offer the Company’s full suite of financial services solutions.

Acrisure, a global Fintech leader, today announced the formation of the Company’s Mid-Atlantic Region encompassing its businesses in Pennsylvania, Delaware, Maryland, Virginia and West Virginia. As with all other platforms announced in 2023, the Region will operate under the Acrisure brand. Geoffrey Goldwater will serve as Managing Partner for the Mid-Atlantic Region.

Per Nielsen Media Research, 5.18 million people watched the inaugural “Acrisure Classic” on Thanksgiving Day on FOX, a college basketball game organized by UTA Sports in which the Michigan State Spartans took on the Arizona Wildcats. This is the largest regular season college basketball audience in the last 15 years as well as the most watched college basketball game ever aired on FOX.

Acrisure, a global Fintech leader, today announced the formation of the Company’s Southwest Region. Partners in Southern California, Nevada, Arizona and New Mexico will now operate as Acrisure and offer the Company’s full suite of financial services solutions including personal and business insurance lines, cyber services, employee benefits, mortgage origination, next generation financial tools, and many more. Centered around offices in Los Angeles and Orange County, CA the Southwest Region will be led by long-time Acrisure Partner Patrick Thomas.

Acrisure, a global Fintech leader and naming rights sponsor to Acrisure Stadium, home of the NFL’s Pittsburgh Steelers, has partnered with the Pittsburgh Post-Gazette to deliver the “Acrisure Fan Advantage,” a content experience for football fans during the 2023-2024 NFL season.

Acrisure, a global Fintech leader, today announced the formation of the Company’s New York Region under the Acrisure brand. The New York Region is led by Managing Partners Kathleen Bradley and Brian Colby.

Acrisure, a global Fintech leader, today announced that local partners in its South Region will be re-branded as Acrisure in a continuation of the Company’s global brand roll out. As part of this roll out, Acrisure businesses in Texas, Louisiana, Arkansas and Oklahoma will now fall under the Acrisure banner, with long-time Acrisure Partner Lori Green serving as Managing Partner.

Continuing with its global brand roll out, several Acrisure Partners in California, Nevada and Hawaii will rebrand. These businesses will operate as the Company’s West Region led by long-time and respected Partners Jennifer Anderson and Dan Michelini.

Acrisure announced today that legendary recording artist and entrepreneur Lionel Richie will be joining the Company as an official Brand Ambassador. In this role, Richie will engage with broadcast and social media to raise awareness and generate excitement as Acrisure expands its direct-to-consumer offerings. He will also be a source of inspiration as he participates in other marketing efforts to highlight Acrisure’s transformation into a broad Fintech services provider.

Acrisure announced today that it will begin to unify the Company under a single brand to best represent its status as a global Fintech leader that offers multiple financial products and services to millions of businesses and individual clients. Further, the Company will organize by geographic region and operating platforms led by existing Acrisure Partners. The roll out of the platforms and brand will commence in the next 30 days and will occur over the next several quarters.

Acrisure, a Fintech leader that operates a top-10 global insurance broker, today announced its acquisition of Unilink Group, the largest insurance distribution platform in the Central and Eastern European (CEE) region. Through this partnership, Acrisure adds over 1,300 colleagues across Poland, Bulgaria, Romania, Czech Republic, Slovakia and Moldova and clients in the same geography.

Acrisure, a fast-growing fintech leader that operates a top-10 global insurance broker and the largest independent Real Estate Services company in America, today announced members of its Insurance Leadership Team reporting to Grahame Millwater, President, Global Insurance.

Acrisure, a fast-growing fintech leader that operates a top-10 global insurance broker and the largest independent Real Estate Services company in America, today announced that it has acquired Homefield IT as part of its Cyber Services division.

Acrisure, a fintech leader that operates a top-10 global insurance broker and the largest independent Real Estate Services company in America, today announced it has acquired B2Z Insurance, a digitally native company that helps business owners obtain customizable insurance coverage in minutes.

Acrisure, a fast-growing fintech leader, today announced that it has acquired two Managed Service Providers (MSP) within its Cyber Services division: Catalyst Technology Group and ITS Inc.

Acrisure, a fast-growing fintech leader that operates a top-10 global insurance broker, today announced it has appointed Kelly Conway as the firm’s new Chief Human Resources Officer.

Acrisure, a fast-growing fintech leader that operates a top-10 global insurance broker, today announced it has acquired QuickInsured (QI), a best-in-class tech-enabled insurance agency. Through this acquisition, Acrisure will gain usage of QuickInsured’s proprietary digital sales funnel. This technology customizes and provides multiple insurance solutions to customers in a cost-effective and efficient way.

Acrisure, a fast-growing Fintech leader that operates a top-10 global insurance broker, today announced it has secured additional funding to fuel its ongoing global expansion further. Acrisure closed $725 million in Series B-2 Preferred Equity and received a $23 billion valuation, representing a 31% increase from its last preferred equity raise in March 2021.

Acrisure, a fast-growing fintech leader that operates a top-10 global insurance broker, today announced it has appointed Matthew Kirk as Executive Vice President and Head of Insurance Strategy and Execution.

Acrisure, a fast-growing fintech leader that operates a top-10 global insurance broker, today announced a partnership with Coalition, a leading global provider of cyber insurance and security. Acrisure’s Cyber Services division will offer the Coalition Risk Assessment, designed to help small and mid-size organizations understand their cyber and digital risk exposure. The risk assessment offers a personalized view into an organization's cyber vulnerabilities and subsequent recommendations to remediate issues. From there, clients can work with Acrisure to obtain security, insurance and recovery solutions to boost resiliency and prevent costly attacks.

Acrisure, a fast-growing fintech leader that operates a top-10 insurance broker, announced it is acquiring Volante Global, a multi-class, multi-territory international Managing General Agent (MGA) twice named “MGA of the Year.” Acrisure gains a growth-oriented, tech-forward and highly profitable MGA supported by a superior panel of underwriting capital and a Lloyd’s Syndicate.

Oak View Group (OVG), the global venue development, advisory, and investment company for both the sports and live entertainment industries, today announced an exclusive 10-year arena naming rights agreement with fintech leader Acrisure for Southern California’s most anticipated live entertainment and sports venue. Acrisure Arena, located in Palm Springs, California, and the future home of the Coachella Valley Firebirds, is projected to open for the 2022-2023 American Hockey League (AHL) season and host more than 150 major events annually.

Acrisure, a fast-growing fintech leader that operates a top-10 global insurance broker, announced the formation of Acrisure Cyber Services. It joins Insurance, Reinsurance, Real Estate Services and Asset Management as divisions powered by Acrisure’s technology capabilities and global distribution network.

Acrisure, a fast-growing fintech leader that operates a top-10 global insurance broker, today announced it acquired Appalachian Underwriters, a national Managing General Agency (MGA) and U.S. Administrator Claims, a Third-Party Administrator (TPA), in addition to affiliated entities.

Acrisure, a fast-growing fintech leader that operates a top-10 global insurance broker, today announced it has acquired the Managing General Agency (MGA) and Third-Party Administrator (TPA) operations of SUNZ Insurance.

Evolution Advisors, a joint venture of Acrisure, Super Bowl champion quarterback Russell Wilson, Grammy Award-winning singer/songwriter Ciara and nine-time NBA All-Star, Russell Westbrook today announced that Dr. Leroy (Lee) David Nunery II has been named President.

Acrisure, a fast-growing fintech leader that is already a top-10 global insurance broker, announced it has signed an agreement to acquire It’sSeg, the largest independent Benefit Management and Insurance broking firm in Brazil.

Acrisure, a fast-growing fintech leader that is already a top-10 global insurance broker, today announced it has entered the real estate services business through its acquisition of Tempo Title, one of the largest private Title Insurance and settlement service providers in the United States.

Acrisure, a fast-growing fintech leader that is already a top-10 global insurance broker, today announced it has appointed Lowell Singer as Chief Financial Officer.

Acrisure, a fintech leader and top-10 global insurance broker, announced it has already closed 65 M&A transactions in 2021 and expects the number to well exceed its running five-year average of over 100 deals by year-end. With this M&A momentum, combined with strong organic growth and the Company’s overall focus on tech transformation, Acrisure will have approximately $3 billion in revenue by the end of 2021.

Acrisure, already a top-10 global insurance broker, is putting in place the operational and strategic elements to enable the Company’s expansion into a broader fintech financial services company. Accordingly, today the Company announced that Grahame Millwater will assume the new role of Head of Global Insurance, effective immediately.

Acrisure, a top-10 global insurance broker and fintech financial services provider, today announced the hiring of Mark McIlquham as President of UK Retail. Most recently a Deloitte financial services executive, Mark brings over two decades of experience to Acrisure’s growing international operation. Largely focused on the US retail insurance market, the Company has recently expanded into adjacent territories as well as markets such as Asset Management. McIlquham begins with Acrisure on August 1st and will be based out of London, reporting to Grahame Millwater, President, Acrisure Markets and International.

Acrisure, a top-10 global insurance broker and fintech services provider, today announced it has become a platinum sponsor of the Arts Marketplace at Studio Park, a platform for women and minority-owned makers and artisans in the heart of downtown Grand Rapids. The Company’s commitment will directly support entrepreneurs in West Michigan, particularly groups who face greater economic challenges in starting a business.

Acrisure, a top-10 global insurance broker and fintech services provider, today announced the addition of Doug Hodo, Jr. as Director of Large Relationships. In this new position, the 30-year industry veteran will unify Acrisure’s direct sales efforts toward large companies seeking products and services in critical coverage lines including property and casualty, group benefits, surety and executive liability.