Acrisure
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The launch will allow the Lloyd’s market to access a greater proportion of Acrisure’s $32bn managed premium. -
The executive was responsible for all types of legacy transactions, from structured adverse development cover to LPTs.
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The new recruit joins from Guy Carpenter and has worked at JLT Re and Willis Re.
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The property reinsurance underwriter had joined Axis Re’s London team three years ago.
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The existing Russell Scanlan management team will continue to run the business.
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The anticipated funding round is perceived as a steppingstone towards public listing.
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In an interview with this publication, the executive said the broker will consider M&A in its bid to expand.
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The MGA was launched in 2017 and wrote $350mn of premium in 2021, the same year it announced the approval for a Lloyd’s syndicate.
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Acrisure Re brokered the deal.
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The deal follows Acrisure’s recent purchase of Brazil's It’sSeg and adds another European market to its operations.
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Li has twenty years of modelling experience and previously worked at Guy Carpenter.
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Michael Fitzgerald has also been promoted to head of the firm’s North Carolina office.
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