Acrisure

The retail broker said the deal for Appalachian would accelerate its implementation of AI and machine learning in its bid to "revolutionize the value chain".

The deal for top-10 MGA, which writes around $500mn in premiums, would mark a dramatic expansion in Acrisure’s underwriting capabilities.

The insurance broker expects to announce further related and complementary acquisitions in the near future.

Nunery’s appointment will accelerate Evolution Advisors’ goal to provide greater access to financial services for minority-owned businesses and diverse communities.

“The fronts are having a material effect and business is absolutely roaring within the MGA program space at this point in time,” the Acrisure Re CEO said.

Through the deal, Acrisure will establish a new division, Acrisure Real Estate Services.

Nick Godfrey has been made head of capital markets, Jonathan Zisaruk head of legacy, Lauren Johnson president of corporate advisory and solutions, and Nick Triggs a non-executive board member.

Lovell Singer replaces Matt Schweinzger, who stepped down in April after becoming embroiled in a high-profile Ponzi scheme.

Craig Darling said the opening of a dedicated branch in Florida showed Acrisure Re’s commitment to the state and region.

Jason Howard moves to Acrisure International president and chairman of Acrisure Re as the wider business moves to a fintech financial services model.

Reporting to head of London North America Mark Higgins, Dan Shaw is set to join in the autumn.

Schweinzger, who was also Acrisure’s chief acquisitions officer, is a victim and a witness in the case and is facing no criminal charges.