Beach & Associates, Acrisure’s global reinsurance brokerage, will become Acrisure Re and Acrisure London Wholesale, as part of Acrisure, its parent company, rebrand. Acrisure Re operates in Atlanta, Bermuda, North Carolina, London, New York, Seattle, Toronto, and Zurich, Acrisure Re works with major insurance companies and insurance distribution partners to understand and achieve corporate risk management goals through the purchase of reinsurance and insurance portfolio solutions. Acrisure London Wholesale has a wealth of specialised experience covering a broad range of product lines. Amid rapid growth, the company has maintained its entrepreneurial spirit and strong market relationships. Acrisure’s 2018 acquisition of global reinsurance leader Beach & Associates marked its first partnership outside of North America. By aligning with the Acrisure brand, they believe Acrisure Re and Acrisure London Wholesale will advance the company’s efforts to capitalise on value chain opportunities and connect forward-thinking underwriting capital with large quantities of risk. Acrisure noted its ambition is to be the most attractive platform for those who want to access risk at scale. Acrisure recently acquired the artificial intelligence (AI)-powered insurance businesses of Tulco LLC. Since finalising the acquisition of Tulco, the newly formed Acrisure Technology Group has developed a massive set of business and individual risk data and is leveraging AI to identify opportunities and understand risks impacting Acrisure’s clients and trading partners. Grahame Millwater, a member of the Acrisure executive team and chairman of Acrisure Re, said: “Acrisure combines the strengths of a top brokerage and a leading tech company.” He continued: “Beach & Associates recognises the power of going to market as Acrisure, which will create copious value across multiple industries using data and AI.” Said Jason Howard, CEO of Acrisure Re, noted: “We’ve only scratched the surface of what is possible. Concepts such as advanced underwriting algorithms with predictive modeling will completely change the game for our clients and partners. And through our evolution, we are proud to remain an employer of choice for market-leading talent seeking to translate data into insights for clients worldwide.” Additionally, in September, Acrisure Re, previously Beach & Associates, hired Warren Berkstresser as senior vice president of its US reinsurance division.
