Acrisure set to acquire Russell Scanlan

23-06-2022

Acrisure set to acquire Russell Scanlan

Mark McIlquham, president, Acrisure (UK Retail)

Acrisure, a global fintech firm with offices in Bermuda, has announced its acquisition of Russell Scanlan, the UK-based bespoke insurance brokerage and risk manager. The deal is expected to close in the near term, pending FCA regulatory approvals.

Mark McIlquham, president of Acrisure UK Retail, said: “We are committed to preserving and adding to Russell Scanlan’s legacy, culture, values, and staff through the resources we can offer and our non-disruptive model.”

The existing Russell Scanlan management team, led by managing director Bryan Banbury, sales & marketing director Mike Dickinson, and director Simon Winiarski, will continue to run the business. Additionally, the firm will continue to operate under the Russell Scanlan brand.

Banbury said: “Acrisure demonstrated detailed understanding of the Russell Scanlan brand and the reputation that it carries in the industry from our earliest discussions and now, the support that we have in place provides us with added strength and confidence to continue with growth and expansion plans, whilst remaining at every level, a business firmly focused on customer service.”

Acrisure said it has completed or has under letter of intent 100 acquisitions so far this year, adding it expects to make further announcements of new UK acquisitions and partnerships.

Acrisure, Russell Scanlan, M&A

Bermuda Re