Warner Pacific, a national general agency, announced the completion of its acquisition of five general agencies from Acrisure, a global fintech leader. The acquisition, effective Dece. 1, marks a significant step in Warner Pacific’s growth strategy.
As part of the agreement, Warner Pacific will support Acrisure’s North American retail business while expanding its reach to distribute Acrisure’s wholesale products through its broker network.
“Today marks an exciting milestone for Warner Pacific as we take another step toward becoming the leading wholesale benefits distributor across the US,” Dave Nelson, co-CEO of Warner Pacific, said in a news release.
“We have gained talented teams and experienced leadership while expanding our national footprint, strengthening our distribution channels, and deepening our product offerings, all enabling us to serve our broker clients better. Warner is well positioned to enter its next growth phase,” said John Nelson, co-CEO of Warner Pacific.
Acrisure’s global head of benefits, life and health, Seth Denson, said that the partnership would unlock new value for small and medium-sized enterprises (SMEs). “Acrisure’s ability to deliver an extraordinary advantage to our clients runs deep in our DNA, and our strategic alliance with Warner Pacific now unlocks yet another layer of unique and extraordinary value for small and medium enterprise (SME) businesses,” he said.
The five general agencies transferred to Warner Pacific include:
Financial terms of the transaction were not disclosed.
Warner Pacific is a general agency that supports brokers across the US, providing employee benefits solutions, compliance assistance, and HR resources. With over 40 years of experience, it serves more than 80,000 groups and partners with over 80 insurance carriers.
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