Acrisure
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Acrisure may be the first heavyweight broker to go, with Hub, BroadStreet and Howden also contenders. -
The business is targeting an enterprise value in excess of $30bn, sources said.
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Some will play “pretend and extend”, but others will sell to strategics or take the steep climb to an IPO.
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The new wholesale broking team will begin with professional liability, Acrisure said.
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A quick roundup of today’s need-to-know news, including Chubb’s Q2 earnings call.
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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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