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25 April 2018

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Beach to be acquired by retail broker Acrisure

Adam McNestrie 10 January 2018

Private equity house Aquiline has agreed to sell its majority stake in boutique (re)insurance broker Beach & Associates to major US retail insurance broker Acrisure, The Insurance Insider can reveal.

Acrisure will buy out Aquiline's stake with cash, but Beach Group CEO Grahame Millwater and the firm's 11 other partners will retain their holdings and remain in place following the deal, sources said.

Retail broker Acrisure has grown rapidly in the US via M&A, but the acquisition of London-headquartered Beach...

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