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Acrisure, a US-based insurance coverage brokerage, has created a brand new division named Wholesure, which is able to consolidate its wholesale P&C companies.
Wholesure might be overseen by Acrisure vice-chairman of world markets and worldwide Grahame Millwater.
In his expanded function, Millwater will handle Acrisure’s worldwide and reinsurance companies in addition to the wholesale and specialty enterprise.
This consists of Wholesure, managing common brokers (MGAs) and programmes, third-party directors, particular person and group profit options, and specialty companies resembling aerospace, commerce credit score and captives.
A strategic advisory function might be stuffed by Bob Arowood, who brings expertise from Appalachian Underwriters, an entity acquired by Acrisure in 2021.
By way of his information and community inside the wholesale and MGAs/programmes sectors, Arowood will help Millwater and the workforce.
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The P&C enterprise inside Wholesure might be led by Brian Fischer, who takes on the function of managing director, Wholesure P&C, and head of development.
Fischer might be supported by a workforce, together with Michael Demetriou as head of development – Jap area, Robb Williams as head of brokerage, Rhonda Henze as head of contract binding and John Bures as head of cornerstone underwriting companions.
Acrisure co-founder, chairman and CEO Greg Williams mentioned: “The previous 12 months was a 12 months of transformation for Acrisure, significantly on the retail aspect of our enterprise.
“By way of Wholesure and the skilled management of Grahame, Bob and others, we’re taking that very same strategy to our massive and profitable wholesale, MGA and specialty enterprise.”
Millwater added: “Simply as we’re doing with the Acrisure branded retail companies, underneath the Wholesure model we’re bringing collectively some distinctive wholesale and MGA/programme companies with unimaginable entrepreneurial and skilled management.”
Acrisure not too long ago launched Acrisure Aerospace, a division devoted to the aerospace business’s distinctive insurance coverage wants.
This transfer additional diversifies Acrisure’s portfolio, with Jason Riley appointed as managing associate to steer the brand new aerospace division.
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