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October 21, 2021

Acrisure to enter Brazilian insurance space with It’sSeg deal

US-based insurance broker Acrisure has signed a definitive agreement to acquire Brazilian benefits management and insurance broking firm It’sSeg.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
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The financial value of the deal, which marks Acrisure’s entry into the Brazilian market, has not been revealed.

It’sSeg, which was founded in 2014 by Thomaz Menezes and the private equity firm Actis, has over $446m (BRL2.5bn) of premium.

Acrisure seeks to expand its Latin American operations through the acquisition, which includes the companies within the It’sSeg group.

These include SME-focused insurance broker Barela and insurance distributor Gebram, among others.

Acrisure co-founder CEO and president Greg Williams said: “Brazil offers immense opportunities and is a market we have been focused on for a long time.

“With Thomaz and the It’sSeg team, we have partnered with exceptional people who have built an exemplary business in a short period of time.”

It’sSeg brings over 1,000 corporate clients to a global network of Acrisure Partners, which offer services such as insurance, reinsurance, and asset management.

Menezes said: “Partnering with Acrisure opens a range of possibilities to accelerate our growth in Brazil and Latin America. Through Acrisure’s innovative tech-driven approach, we will be able to diversify and expand the range of products we offer our clients.”

The deal is subject to regulatory approval and is expected to close within the next three months.

Earlier this year, Acrisure’s reinsurance arm launched a London-based cyber reinsurance division in partnership with cyber risk modeller, Kovrr.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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