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25 April 2018

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Acrisure-Beach tie-up ‘deeply strategic’: Millwater

Bernard Goyder and Adam McNestrie 12 January 2018

Beach's sale to acquisitive Midwestern broking powerhouse Acrisure is a "deeply strategic" move that will fuel the growth of both businesses, according to Beach group CEO Grahame Millwater.

The deal gives Acrisure access to global reinsurance markets, and paves the way for the $1.2bn-revenue broker to expand beyond the domestic US market, where its top line has grown rapidly in the 12 years since it was founded.

Speaking to The Insurance Insider, Millwater emphasised the cultural fit between the two...

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