Click here to sign in or get access. What are insurance-linked securities (or ILS)? Emmert, Chubb Buys Cignas Life Insurance Business, Care Access Buys Instituto Brasil de Pesquisa Clnica, Relation Insurance Acquires Dunn Insurance, Youngsoft Invests in Enterprise Software Solutions, Class Technologies Acquires Blackboard Collaborate, Fortis Solutions Group Buys Anchor Printing, Levine Leichtman Appoints New Head of Europe, GEF Capital Partners Purchases Lifecycle Renewables, Morningstar Acquires Praemius UK Business, Azelis Acquires the Distribution Assets of Ak-ta, Riveron Consulting Purchases Clermont Partners, WebMD Health Corp Buys Mercury Healthcare, Inszone Insurance Buys G.M. Use phrases "in quotes" or the tools below to better filter your results. ", Louis Salvatore, Senior Managing Director at GSO Capital Partners, said, "Since we initially invested in Acrisure in 2016, we have been very pleased with the company's progress and have chosen to significantly increase our level of investment. 2022 Inside P&C is part of Euromoney Institutional Investor PLC. |
Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Kempers CoR improves 8.1 points to 108% but supply chain pressures persist, Lemonade agrees to sell Metromiles EBS business to EIS, James River Q2 CoR climbs 1.3 points to 91% but casualty re unit swings to U/W profits, D&O prices start to fall for the first time since 2019: Aon, Swiss Re CorSo confirms Lunas appointment as head of Colombian unit. Blackstone is one of the world's leading investment firms with over $457 billion in assets under management, including investment vehicles focused on private equity, real estate, public debt, and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. These investments enable us to pursue strategic initiatives with aligned capital that will provide greater value for all shareholders., Acrisure is an innovative leader in an attractive industry with a very strong management team led by Co-Founder Greg Williams, said Byron Trott, founder, chairman and CEO of BDT Capital Partners. The company said the proceeds from the offering will enable Acrisure to continue pursuing value-accretive acquisitions, grow its tech-enabled solutions, increase marketing and brand awareness, and invest in human and technological infrastructure to support industry leading growth.. GRBJ Breakfast Series: Commercial Real Estate Forecast, Ox-Bow appoints new director of development, Midland couple to open Taste of Cairo in downtown Grand Rapids, Wooden Runabout Company named sales rep for Grand Craft Boats. | Advertise
Lawrence Insurance, Creative Artists Agency Purchases ICM Partners, Clearlake Capital Acquires Intertape Polymer, Tiger Infrastructure Hires New Managing Director, Pipeline Technique Purchases Stanley Oil & Gas, Twin Bridge Capital Closes Fifth Flagship Fund, Bureau Veritas Acquires Testing Laboratory, Alkegen Invests in Luyang Energy-Saving Materials, CECO Environmental Buys Western Air Ducts, Balmoral Funds Purchases Trecora Resources, UMB Bank Acquires Health Savings Business, BSN Sports AcquiresFoot LockersTeam Sales, carsales.com PurchasesTrader Interactive, Churchwick and Rockledge Acquire Sonesta Portfolio, Brixey & Meyer Capital Buys Unistrut Midwest, Permira and Hellman & Friedman Acquire Zendesk, Pebblebrook Hotel Trust Buys Gurneys Newport, Industrial Service Solutions Acquires Servo South, Arthur J. Gallagher & Co. Buys INNOVU Insurance, Audax Private Equity Invests in BlueCat Networks, ECP Closes Continuation Fund with $1.6 billion, Equality Asset Management Invests in Evention, Dynamic City Capital Buys Anaheim Portofino, Levine Leichtman Capital Partners Acquires TSS, Farmland Partners Purchases Farm in Nebraska, Credit Bureau Connection Appoints New CFO, Houlihan Lokey Hires New Managing Director, Post Capital Partners Invests in Ironmark, Sheridan Capital Partners Invests in RS&A, First Bancorp Buys GrandSouth Bancorporation, Pacific Woodtech Acquires LPs EWP Business, A&K Travel Buys Two Luxury Cruise Vessels, T30 Capital Partners with Blueprint Capital, Solomon Capital Holdings Buys Beaufort Group, CD&R Appoints New Senior Advisor to CD&R Funds. ", Steve Duke, Partner and Co-Head at Harvest Partners SCF, said, "Acrisure has a proven track record of growing both organically and through acquisitions across a variety of geographies, product lines and end markets and is led by a best-in-class management team. Senior writer, covers health care, finance and life sciences. The company completed 92 acquisitions in 2017 and expects to complete over 100 by year-end 2018. The company has benefited from a jump in global commercial insurance premiums that rose 11% on average in the first quarter, according to broker Marsh, with the war in Ukraine worsening pressure on rates. About
Sign up for our regular podcast featuring hard-hitting, wide ranging conversations with industry leaders and top-thinkers from a variety of businesses. Partners Group (www.partnersgroup.com) is a global private markets investment management firm with EUR 67 billion (USD $78 billion) in investment programs under management in private equity, private real estate, private infrastructure and private debt. The funding will allow Acrisure to continue pursuing acquisitions, grow its tech-enabled solutions, increase marketing and brand awareness, and invest in human and technological infrastructure to support industryleading growth, Acrisure said. Chief Executive Officer Greg Williams with a consortium of minority investors bought Acrisure in a $2.9 billion deal from private equity firm Genstart Capital in November 2016. May 31 (Reuters) - Acrisure said on Tuesday it had raised $725 million in a fresh funding round led by a wholly owned subsidiary of Abu Dhabi Investment Authority, valuing the insurance brokerage at $23 billion. 2022 PitchBook. This transaction reaffirms how the market, and our partners, value the strength of our performance and trajectory for future growth.. What are industry loss warranties (ILWs)? Insurance Commercial Lines Package Underwriter 100% REMOTE -, Technical Application Support Associate -, Insurance MGA Commercial and Personal Lines Underwriter 100% REMOTE -, Avail Risk Manager Remote (Home-Based) -, Creating Harmony: What Cyber, Insurance Pros Can Learn from Music, The Booming Female-Owned Home-Based Business Market, Mental Health and Social Determinants of Health, Viewpoint: Vehicle Need Not Be in Motion for Accident to Occur, Miss. Please tell us what you liked about it. Evercore acted as exclusive financial adviser to Acrisure for this transaction. Get the full list, Youre viewing 5 of 73 subsidiaries. In addition, a consortium of investors has invested $454 million of new capital in junior preferred stock. Acrisure has grown from $650 million in revenue to approximately $1.5 billion in revenue over the past two years. Reporting by Mehnaz Yasmin in Bengaluru; Editing by Shinjini Ganguli, Number of Americans employed and hours worked falls in July, data show, Sterling hits 1-month high, shrugs off factory data ahead of BoE, U.S. construction spending dives in June on single-family housing weakness, Global thematic funds see big outflows as growth stocks falter, Russia's VTB brokerage head leaves amid clients' dismay, See here for a complete list of exchanges and delays. This information is available in the PitchBook Platform. The firm has over 400 Agency Partners with locations in 32 states, seven international locations, and approximately 5,600 employees. Acrisure, a global insurance broker, today announced the closing of two transactions representing a significant capital raise and validation of the companys tech-enabled value proposition. Based in Caledonia, MI, Acrisure is a leading retail consulting and insurance brokerage offering comprehensive property & casualty, employee benefits, human resource outsourcing, loss & claims management, surety bonding and personal lines solutions. Investment bank BDT Capital Partners led a nearly $3.5 billion investment in Acrisure LLC on Wednesday, buying out Blackstone Group LP and other institutional investors in the acquisitive brokerage. Founded in 2005 by CEO Gregory L. Williams, the brokerage has been the leading acquirer of rival agencies and brokers over the past several years. We are thrilled to partner with ADIA and OHA, premier, globally recognized investment institutions, and continue our work with Guggenheim. Thank you! Get the full list, Youre viewing 5 of 26 executive team members. The Michigan-based company, which offers financial, cyber as well as asset and wealth management services to its customers in insurance, reinsurance and real estate services, has grown its revenue from $38 million to $3.5 billion in the last eight years. The Michigan-based company, which offers financial, cyber as well as asset and wealth management services to its customers in insurance, reinsurance and real estate services, has grown its revenue from $38 million to $3.5 billion in the last eight years. Godspeed Capital Invests in TSK Architects, Invesco Closes Invesco Credit Partners Fund II, Oaktree and MG Purchase San Jose Apartment Complex, GID Industrial Acquires Two Industrial Portfolios, Rhino Health Closes $58M Credit Financing, Goodegg and Break of Day Acquire Mission Antigua, E.Go Merges with Athena Consumer Acquisition, Sentry Aerospace Merges with Aerospares 2000, Spearmint Purchases 150 MW Battery Storage, Platinum Equity Acquires High Temperature Solutions, South Street Partners Closes SSP GP Fund I, Strategic Value Partners Hires New Managing Director, Silversmith Capital Partners Closes Fourth Fund, RCI Hospitality Purchases Cheetah Gentlemens Club, Hilb Group Acquires King and Cushman Agency, Sentinel Capital Partners Acquires Bandon Holdings, Liberty Mutual Insurance Purchases AmGeneral, MG Properties Acquires Eleanor Apartments, Relievus Merges with Clearway Pain Solutions, 3Phase Elevator Merges with Next Level Elevator, Forward Solutions Purchases Utility Sales Associates, Clearlake Capital Acquires BBB Industries, Peachtree Hotel Group Acquires the Canopy Hotel, Hub International Buys Stop Loss Insurance, AHF Products Purchases Armstrong Flooring, Brightstar Capital Partners Acquires WindsorOne, Five Star Parks & Attractions Buys Malibu Jacks Parks, WindRose Health Investors Invests in RevHealth, PestCo Acquires Alliance Commercial Pest Control, Novvia Group Acquires Duval Container Company, Yarusi Holdings Acquires The Bransford House, Velocity Purchases Clinical Research Hamburg, Industrial Chimney Company Buys Cheminee Lining, F.L.Putnam Acquires Salem Capital Management, Security Properties Purchases Riverside Apartments, Patient Square Capital Appoints Senior Advisor, Dr. Praegers Sensible Foods Appoints CEO, Valo Therapeutics Acquires PeptiChip Technology, HarbourView Equity Partners Acquires Music Catalog, Deerfield Buys Verge Scientific Communications, Rldatix Purchases Galen Healthcare Solutions, Cain Brothers Hires New Managing Director, NewAmsterdam Pharma Holding Merges with FLAC, One Rock Capital Partners Purchases Prefere, Boise Cascade Buys Coastal Plywood Company, Clearlake Capital and TA Associates Buys Kofax, Montecito Medical Buys Dillon Family Medicine Office, Heartwood Partners Invests in The Amlon Group, Cargill and Continental Grain Buy Sanderson Farms, Wynnchurch Capital Acquires FCA Packaging, Tandem Diabetes Care Buys Capillary Biomedical, Slate Asset Management Acquires Amperio GmbH, Rawlings Buys Jack Corbett Hollywood Bases, HarbourView Equity Partners Purchases Music Catalog, Clover Imaging Group Acquires Phoenix Direct, Petra Funds Group Hires New Managing Director, Acrisure Acquires Two Managed Service Providers, Le Duff Acquires Lecoq Cuisine Corporation, Bain Capital and ADIA Acquire Merchants Fleet, Monroe Capital Hires New Managing Director, Wrench Group Acquires Atlanta Water Works, Inszone Insurance Buys Young Insurance Group. 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