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Acrisure, a US-based insurance coverage brokerage, has created a brand new division named Wholesure, which can consolidate its wholesale P&C companies.
Wholesure might be overseen by Acrisure vice-chairman of world markets and worldwide Grahame Millwater.
In his expanded position, Millwater will handle Acrisure’s worldwide and reinsurance companies in addition to the wholesale and specialty enterprise.
This consists of Wholesure, managing normal brokers (MGAs) and programmes, third-party directors, particular person and group profit options, and specialty companies reminiscent of aerospace, commerce credit score and captives.
A strategic advisory position might be crammed by Bob Arowood, who brings expertise from Appalachian Underwriters, an entity acquired by Acrisure in 2021.
Via his data and community throughout the wholesale and MGAs/programmes sectors, Arowood will assist Millwater and the group.
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The P&C enterprise inside Wholesure might be led by Brian Fischer, who takes on the position of managing director, Wholesure P&C, and head of development.
Fischer might be supported by a group, 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 yr of transformation for Acrisure, notably on the retail aspect of our enterprise.
“Via Wholesure and the skilled management of Grahame, Bob and others, we’re taking that very same method to our giant and profitable wholesale, MGA and specialty enterprise.”
Millwater added: “Simply as we’re doing with the Acrisure branded retail companies, beneath the Wholesure model we’re bringing collectively some distinctive wholesale and MGA/programme companies with unimaginable entrepreneurial and skilled management.”
Acrisure lately 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 companion to steer the brand new aerospace division.
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