Acrisure in the News: Mark McIlquham, President of Acrisure UK Retail Discusses UK Expansion
According to a recent interview with Insurance Age, Mark McIlquham, President of Acrisure UK Retail, discusses his UK expansion plans and his goal to “become the most respected acquirer of brokers in the UK.”
McIlquham, who joined US-headquartered Acrisure last August to drive its expansion into UK retail, stated that the business has “serious ambitions” in the UK and that it is targeting gross written premiums of £1bn within the next five years.
“We will be as active as anybody else is in terms of buying insurance brokers over the next five years in the UK and we believe that our model is incredibly attractive for people that don’t like the models and the alternatives that are out there,” he told Insurance Age.
He detailed that the company, which has bought around 700 brokers in the US since 2013, is currently in conversations with a number of UK brokers.
According to McIlquham, the broker plans to create a geographical footprint across the UK, and while it is looking to buy niche brokers, he added that he is “open-minded” as long as the business is successful
Visit Insurance Age to read the full article.
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