Acrisure signals solid M&A pipeline with latest UK deal

Acrisure has snapped up a commercial SME and specialist personal lines insurance broker and professional risk advisory business to further expand its presence in the UK.

The global broker has acquired Sutton Winson and Sutton Specialist Risks (SSR), and expects to make further announcements of new UK acquisitions and partnerships in the near term.

To date in 2022, Acrisure has completed or has under letter of intent more than 120 acquisitions. The company recently closed $725 million in Series B-2 Preferred Equity and received a $23 billion valuation, representing a 31% increase from its last preferred equity raise in March 2021.

Sutton Winson specialises in defined sectors and trades, offering bespoke insurance solutions and Risk Management services to clients across the UK and internationally. It also has an employee benefits division offering schemes for company employees and a specialist private clients team providing a boutique offering to high-net-worth individuals.

SSR provides niche expertise and wholesale insurance products to meet the needs of clients operating in the security and fire protection. From its inception, SSR has maintained an exclusive relationship with QBE Insurance Group. SSR continues to develop new products for emerging and established sectors, both with QBE and other providers, such as AXA XL Insurance Company UK and Aviva Insurance.

Sutton Winson and SSR will continue to operate under their brands as part of Acrisure. The existing management teams will continue to run the businesses with some additional leadership promotions.

Mark McIlquham, president of Acrisure UK retail, said: “We are deeply impressed by their cultures, brands and capabilities, putting customers and staff at the centre of all they do. Together with Acrisure, we’re eager to add to the legacy, culture, values, and career opportunities for the staff at Sutton Winson and SSR.”

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