Acrisure Re, the reinsurance arm of global fintech company Acrisure, has announced the integration of its capital and captive units into its broader platform.
The move brings together more than 275 captive insurance experts in North America and Bermuda, combining a proven captive business with the capabilities of a specialist reinsurance broker in one structure.
The newly formed divisions Acrisure Re Capital and Captives are led by Captives director Seth Denson, who reports to Acrisure Re global CEO Simon Hedley.
The company said the integration strengthens its offerings in three related areas: reinsurance, including projects; corporate advisory through Acrisure Re Corporate Advisory and Solutions; and capital and captives.
These capabilities are supported by the company’s global analytics and catastrophe modeling expertise, forming a coordinated platform designed to differentiate Acrisure Re from other reinsurance brokers.
Acrisure Re describes the capital and captive insurance business as an established business with significant scale across the United States and Bermuda. The company views the integration as a strategic step aimed at further growth.
Approximately 70% of the segment’s business is focused on U.S. life and health, specifically alternative and self-insured health plans, which are among the fastest growing areas of the U.S. health insurance market. The remaining 30% is in property and casualty insurance, which Acrisure Re has identified as an area of expansion.
Within the property and casualty market, Acrisure Re said the capital and captive segment will look for growth in group captives and single captives. The company plans to focus on sourcing opportunities, arranging reinsurance placements and generating business for its reinsurance partners.
By combining a captive structure with reinsurance origination, Acrisure Re positions the product differently from traditional reinsurance brokers and captive managers. The unit will also work with issuing operators to provide comprehensive self-insurance programs for organizations pursuing self-insurance and alternative risk financing strategies.
The platform includes established segregated unit capabilities, which Acrisure Re says enables the creation of flexible and capital-efficient structures in the life and health and property and casualty insurance sectors, supporting solutions tailored to client risk profiles and business objectives.
Acrisure Re said the capital and captive segment provides services throughout the project lifecycle, including feasibility studies, project design, captive formation and licensing, regulatory coordination, ongoing management, governance, actuarial support and reinsurance and capital markets access. The integration with the wider Acrisure Re platform is designed to give clients access to structuring expertise and reinsurance placement capabilities within a single framework.
Simon Hedley, Global CEO of Acrisure Re, commented: “Capital and Captives is already a very successful business, particularly in L&H, where it has established a leading position in one of the most dynamic growth areas in the country. Bringing it to Acrisure Re creates something very compelling: Acrisure Re “
Seth Denson, head of Acrisure Re’s captive business, added: “We enter this integration with strength. Our life and health captive business has become a recognized leader, not by copying existing market solutions, but by solving needs that the market has historically overlooked. This level of insight and innovation, combined with Acrisure Re’s capabilities, allows us to further scale.”
“In the property and casualty market, the opportunity is significant. As we have done in life and health, we will take a proactive approach to create new opportunities, strengthen relationships with key issuing operators and develop customized insurance solutions in group and single-capital structures. Our independent unit infrastructure adds a level of flexibility that differentiates us in the design and delivery of solutions. As part of Acrisure Re, we are well-positioned to build and scale a market-leading platform.”