Capital raising
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The start-up is closing a Series A fundraise. -
The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.
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The funding round valued the company at around $850mn.
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The unfunded commitment related to the investment was $24.4mn in 2024.
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There were no signs of deceleration in claims and insurance services M&A during February.
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The brokerage had secured a $340mn facility with JP Morgan, Fifth Third Bank and RBC in August 2023.
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Acrisure may be the first heavyweight broker to go, with Hub, BroadStreet and Howden also contenders.
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The business is targeting an enterprise value in excess of $30bn, sources said.
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Last July, this publication revealed that the agency had retained Piper Sandler to run a process.
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The $2bn+ raise would likely rest on the base case of an IPO in the medium term.
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Sources said that with the equity refinancing, Alliant secured an enterprise value of ~$25bn.
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The firm has commenced writing collateralized retro and reinsurance, but its rated launch is still pending.
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