Acrisure’s product lines include property and casualty, employee benefits, human resource outsourcing, loss and claims management, surety bonding and personal lines coverage.
Since its inception in 2005 the business has acquired 26 independent insurance agencies across the Midwest.
Back in November last year Genstar sold its majority stake in Confie Seguros, a US personal lines insurance broker serving the Hispanic community, to ABRY Partners.
Genstar partnered insurance executives in 2008 to establish Confie Seguros and has grown it to over 300 retail locations with annual revenues exceeding $200m.
Today the firm said it will use the same growth strategy for Acrisure.
Jean-Pierre Conte, Genstar managing director and chairman, said, “Genstar continues to expand and deepen its commitment to the financial services vertical.
“Combined with our strong relationships with industry experts…we make long-term capital investments and provide our expertise to support the strategic and financial objectives of the companies in which we invest.”
Genstar’s other investments in the insurance and financial services sector include Aftermarket Systems, Insurity, Granite Global Solutions and MidCap Financial.
Genstar currently has more than $4bn of committed capital under management. It is focused on the healthcare services, software, , insurance and financial services, and industrial technology sectors.
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