Acrisure Acquires MGA Business and Related Entities from SUNZ Insurance
Continues Acrisure’s Value Chain Transformation
GRAND RAPIDS, MI (December 21, 2021) – Acrisure, a fast-growing fintech leader that operates a top-10 global insurance broker, today announced it has acquired the Managing General Agency (MGA) and Third-Party Administrator (TPA) operations of SUNZ Insurance.
The entities acquired as part of the transaction include Next Level Administrators, a third-party administrator; Watchpoint, a special investigation unit; Ascential Care partners, nurse case management and utilization review; Avalon, claims subrogation; and Accelevant Premium Audit.
With Acrisure’s strength in workers’ compensation and professional employer organizations (PEO), the acquisition will accelerate the Company’s ability to underwrite, package and distribute related risk premium through its global network of Partners. The MGA capability of SUNZ, combined with Acrisure’s investment in artificial intelligence (AI), will give greater insight into the workers’ compensation and PEO specialties.
“I’m extremely excited by this new Partnership and the possibilities it provides both companies as we build one of the largest financial technology companies in the market,” said Greg Williams, Co-Founder, CEO and President of Acrisure. “This transaction enhances our ability to distribute into a variety of markets. Layering these new capabilities via SUNZ to our own AI platform opens exciting new growth opportunities.”
For Acrisure, the SUNZ platform will bring:
• Underwriting and claims expertise in a niche segment
• Assessment of specialized risk scenarios and ability to issue policies on behalf of clients
• Access to technology platforms that integrate with distribution channels and expedite the quoting and claims settlement processes for customers
“The SUNZ family of companies is proud to count ourselves as part of Acrisure,” said Steven F. Herrig, CEO of SUNZ Holdings. “Together, our combined efforts and unique systems and technology will create an even greater trajectory of growth and innovation. Joining Acrisure, one of the leading Fintech companies in the world, makes this next step truly exciting.”
Terms of the transaction were not disclosed. Acrisure expects to make further related and complementary acquisitions in the near term.
About Acrisure
Acrisure specializes in intelligence-driven financial services, providing a broad array of products including insurance, Asset Management, Real Estate Services, and Cyber Services. The Company has grown revenue from $38 million to more than $3 billion in just over eight years and has locations in nine countries. Acrisure is the intelligence-driven financial services distribution platform of the future. Find out more at acrisurestage.wpengine.com.
Media Contact:
Acrisure: Elliott Bundy, EBundy@Acrisure.com, (347) 561-0276
Important Information:
For additional information, please visit our website at Acrisure.com. Products or services identified herein may not be available in all jurisdictions. The information and descriptions contained herein (a) are not necessarily intended to be complete descriptions of all applicable terms, conditions, and exclusions of the policies referenced, (b) are provided solely for general informational purposes, and (c) should not be viewed as a substitute for legal, regulatory, or other advice on any particular issue or for any particular reason. The advice of a professional should always be obtained before purchasing any insurance product or service, and you should not rely on the information provided herein for the prevention or mitigation of risks or as a full and complete explanation of coverage under any insurance policy. While the information contained herein has been compiled from sources believed to be reliable, no warranty, guarantee, or representation, either expressed or implied, is made as to the correctness or sufficiency of any representation contained herein.
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