UK Media Advisory
September 28, 2022
Acrisure, a fintech leader that operates a top-10 global insurance broker, today announced its acquisition of CRK Commercial Insurance Services Limited, the specialist commercial schemes provider. The deal is expected to close at the start of October 2022.
In the last nine years, Acrisure has completed or has under signed letter of intent more than 800 Partnerships globally, including nine in the UK. Established in 2000, CRK has grown into a highly successful broker in the manufacturing and engineering space under the leadership of its managing director, Darren Wills. CRK prides itself on having partnered with some of the largest insurers in the UK to establish exclusive insurance schemes with specialist covers and competitive rating structures to provide unique risk solutions for trades, with a focus on the manufacturing, engineering, rope access and HVAC industries.
Darren Wills and his management team will continue to operate CRK under the CRK brand as part of Acrisure UK Retail. The CRK team will benefit from Acrisure's technology capabilities and global network of brokers and MGAs.
"I look forward to welcoming CRK to Acrisure," said Mark McIlquham, President of Acrisure UK Retail. "We are excited to collaborate with CRK and Darren. CRK is a profoundly entrepreneurial and agile business with a fantastic client base. We were particularly attracted by the truly bespoke, unique schemes that the team have developed with their in-depth knowledge and understanding of specific trades and industries."
Darren Wills commented, "Once I had met Mark and the Acrisure team, it was quickly apparent that the Acrisure model was perfect for me and CRK. Acrisure allows me to carry on running the business I am passionate about and have built up since 2000 as well as enables me to grow and diversify. I look forward to making CRK even more successful as part of Acrisure."
Acrisure expects to make further announcements of new UK acquisitions and partnerships in the near term. It has continued to expand globally in 2022, with operations now in 15 countries. 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.
About Acrisure
Acrisure specializes in intelligence-driven financial services, providing a broad array of products including Insurance, Reinsurance, Real Estate Services, Cyber Services, and Asset & Wealth Management. The Company has grown revenue from $38 million to more than $3.9 billion in just over eight years with locations throughout the world. Acrisure is the intelligence-driven financial services distribution platform of the future.
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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