Volante Global, a multi-class, multi-territory international Managing General Agent (MGA) and Lloyds Syndicate is proud to announce its new majority shareholder investor- Acrisure.
Acrisure is a US-based fintech leader with locations in 10 countries worldwide. They specialise in intelligence-driven financial services, providing a broad array of products including Insurance, Real Estate Services, Cyber Services, and Asset Management. Acrisure has grown revenue from $38 million to more than $3.5 billion in just over eight years, becoming the number one fastest-growing brokerage in industry history.
Founded in 2017, Volante is underpinned by long-term carrier alignment and deep specialty, complex products for insureds. The team is comprised of world-class underwriters motivated by a desire to create a long-term, profitable book of business for capital providers. “Volante is an important strategic component of Acrisure’s ambitious MGA strategy and accelerates our value chain compression strategy,” said Greg Williams, Co-Founder, CEO and President of Acrisure. “In particular, we value Volante for being highly skilled underwriters in an entrepreneurial culture given it’s a founder-led company under Talbir Bains. Talbir has grown a highly profitable and financially attractive platform in a short period of time. Reaching $350 million of premium in just three years is no small feat and we expect this number to increase substantially over the next few years.”
Prior to the transaction, Volante’s majority investor was Nephila Holdings Ltd., a subsidiary of Markel Corporation.
“We are delighted for Volante and Acrisure on their new partnership,” said Frank Majors, founder and co-CEO of Nephila. “When Talbir approached us in 2017 for investment capital, we were confident in his abilities as a leader, an entrepreneur and an underwriter. He has achieved tremendous success much faster than we could have imagined, and we are thrilled he has identified a new partnership in Acrisure that will enable him to achieve even greater success in the future.”
Speaking on the transition, Talbir Bains, Founder & CEO, Volante Global & Syndicate 1699 says “Nephila and Markel have been wonderful investors to Volante since the journey began in 2018. We felt that it was now the right time to move into a new home and one which could bring us an ideal platform for the evolution of Volante into the next phase of delivering on our primary objective – making the best contribution we can to the profit pools of our capital providers and through being the best partner to our broker and assured client networks across the international arena.”
Acrisure’s MGA strategy capitalises on investments in transformative technology and an engaged, global partner network unrivalled in the industry. “Volante was compelling to Acrisure, given its diverse portfolio of risk, unique model providing optimal alignment with underwriting capital, and depth of underwriting talent,” said Grahame Millwater, President of Global Insurance at Acrisure. “Talbir has been a colleague and client of mine for over 20 years, and I have the utmost respect for his values, work ethic, and underwriting and analytical excellence. I am delighted to welcome Volante to Acrisure as we continue our journey of building a unique distribution platform with an ability to take our risk portfolio to multiple forms of underwriting capital.”
The most important objectives for Volante in this transaction were to maintain their business philosophy, strategy and plan and ultimately their alignment to their capital providers across the MGA and Syndicate 1699. Talbir Bains, continues. “When the exploratory process began in 2021, our objective was to ensure that future ownership would match the alignment that we’ve defined and delivered to capital providers. From my first conversation with Greg Williams and Grahame Millwater, it was clear that Acrisure was the perfect partner for this next phase, where Volante’s underwriting integrity and risk intelligence will both be sacrosanct and empowered, respectively. Joining Acrisure will spur Volante’s growth, predicated on delivering the highest underwriting margin to our capital providers. We are very excited about the future and continuing the business just as it stands today, with more of the same to simply continue and enhance.”
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Marketing Manager, Volante Global
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About Volante Global
Volante Global is a multi-class, multi-territory international MGA & Lloyd’s Syndicate that combines best-in-class underwriting powered by data-driven business processes deployed through a strategic platform. Registered and headquartered in the UK, Volante Global is built upon a financially secure foundation including (at a minimum) A rated insurance capacity supporting every line of business.
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