Acrisure Re Merges Capital and Captives Operations for Enhanced Offerings
Acrisure Re, the reinsurance arm of global broker Acrisure, has merged its Capital and Captives operations into a unified platform. Spearheaded by Seth Denson, this strategic reorganization aims to bolster offerings in alternative risk solutions, reinsurance brokerage, corporate advisory, and captive insurance services. Denson will report to Simon Hedley, the global CEO of Acrisure Re, throughout this transition.
The integration brings together over 275 captive insurance experts from North America and Bermuda, combining their expertise with advanced reinsurance broking knowledge. This restructuring is part of a broader strategic move incorporating reinsurance services, corporate advisory via Acrisure Re Corporate Advisory and Solutions (ARCAS), and the newly consolidated capital and captives segment. Acrisure Re's analytics and catastrophe modeling resources underpin the platform.
Acrisure Re has emphasized the robust presence of its capital and captives business within the U.S. life, health, and property & casualty sectors, focusing approximately 70% on life and health, especially in alternative and self-insured medical plans. The remaining 30% concentration is on property and casualty, an area targeted for growth. The company aims to enhance group and single-parent captive structures, reinsurance placements, and captive origination in this domain.
Engagements with issuing carriers are intended to create comprehensive captive programs. The platform offers segregated cell capabilities to accommodate various capital frameworks for clients across both life and health, as well as property and casualty sectors. Simon Hedley highlighted the strategic value of this reorganization, emphasizing its reinsurance capabilities and specialized captive expertise.
Seth Denson highlighted the business's market-leading position in the Life & Health sector, driven by innovative solutions that meet previously unmet needs. He noted the Property & Casualty sector's significant growth potential, with plans to develop new opportunities and enhance relationships with key issuing carriers. Denson expressed confidence in their ability to build and expand a market-leading platform within Acrisure Re.