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Varnum Assists in Acrisure Expansion in Central and Eastern Europe

April 17, 2023

Acrisure, a Fintech leader that operates a top-10 global insurance broker, recently announced its acquisition of Unilink Group, the largest insurance distribution platform in the Central and Eastern European (CEE) region. Through the partnership, Acrisure adds over 1,300 colleagues across Poland, Bulgaria, Romania, Czech Republic, Slovakia and Moldova and clients in the same geography.

Varnum partner Seth Ashby worked closely with Acrisure’s International M&A team and foreign counsel who handled the due diligence and foreign law aspects of the deal. Ashby handled the U.S. aspects and was involved in the overall transaction planning and structuring, as well as assisting in the review and negotiation of the share purchase agreement.

Unilink Group provides non-life and life products through a network of 15,000 external agents and 2,500 points of sale and places almost seven million policies per year. The Group also acts as an MGA through its Polish and Romanian businesses. 

The transaction, announced April 5, will complete pending regulatory approvals.

Acrisure combines humans and high tech to deliver a broad array of products including insurance, reinsurance, cyber services and more. In the last nine years, Acrisure has grown in revenue from $38 million to over $4 billion and today employs over 14,000 colleagues in 21 countries.

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