acrisure News

People Moves: Acrisure Adds Marolda; Smeltzer Joins Jewelers Mutual; Rockford Mutual’s Johnson Retires

Acrisure Acrisure, based in Grand Rapids, Mich., appointed Matthew Marolda as its first chief innovation officer. Marolda will focus on business and growth opportunities aligned with Acrisure’s artificial intelligence (AI), data and technology platform. Marolda previously has served as the …

Insurance Broker Acrisure Raises $3.45 Billion

Fast-growing global insurance brokerage Acrisure announced it has closed on two transactions representing a significant capital raise of $3.45 billion. BDT Capital Partners, a merchant bank, led a $3 billion investment through its affiliated investment funds into Acrisure’s senior preferred …

The Upton Group of Alabama Partners with Acrisure

The Upton Group has entered into a partnership with global insurance broker Acrisure, which will enable The Upton Group to build on its insurance and risk management services for franchise business clients, with a special emphasis in pizza and food …

Insurance Broker Acrisure Plans Michigan Expansion in Grand Rapids

Michigan Economic Development Corp. announced that Caledonia-based insurance broker Acrisure plans to invest $33 million in Grand Rapids to expand its future world headquarters in the western Michigan city. The project will include relocating 280 employees to downtown Grand Rapids …

Malloy Appointed President of Acrisure’s Specialty Division

Caledonia, Michigan-based retail consulting and insurance brokerage, Acrisure, has appointed industry veteran William Malloy as president of its Specialty Division. Malloy has extensive leadership experience in the insurance industry, spending over a decade with AIG where he held various executive …

Good and Bad of Private Equity Investment in Insurance Agencies

It takes a lot of capital for an insurance agency to grow, acquire, merge or partner with another agency, and increasingly, private equity firms are stepping up to the plate to supply that funding. Although the number of reported mergers …

Acrisure Names Sherman as Strategic Advisor

Grand Rapids, Mich.-based Acrisure LLC has named D. Michael Sherman as strategic advisor, reporting to Greg Williams, CEO and president of the rapidly growing insurance broker. Sherman brings more than 40 years of experience in the insurance industry to his …

Acrisure, Genstar Complete $2.9B Management-Led Buyout

Acrisure LLC, a national insurance brokerage based in Grand Rapids, Mich., and private equity firm Genstar Capital announced the completion of a previously announced management-led buyout of the company. The $2.9 billion transaction was led by Greg Williams, Acrisure’s chief …

Tuit Joins Michigan-Based Acrisure as CFO

Caledonia, Mich.-based retail insurance brokerage, Acrisure LLC, announced that Dave Tuit has joined the firm as chief financial officer. Tuit has more than 20 years of leadership in finance and accounting, mergers and acquisitions, operations management, and strategic planning. Most …

Genstar Capital Acquires Michigan’s Acrisure

San Francisco-based private equity firm Genstar Capital LLC has acquired Acrisure, a large retail insurance brokerage headquartered in Grand Rapids, Mich. Acrisure’s product lines include property and casualty, employee benefits and related third party administrator services, human resource outsourcing, loss …