ADIA-backed Acrisure makes double swoop on UK firms

• Sutton Winson is a commercial SME andpersonal lines insurance broker and professional risk advisory business
• Sutton Specialist Risks provides wholesale insurance products for clients in security and fire protection
• Both companies will operate under their brands as part of Acrisure

Abu Dhabi Investment Authority (ADIA)-backed Acrisure announced that it has acquired UK companies Sutton Winson and Sutton Specialist Risks.

Sutton Winson, headquartered in Twickenham, is a commercial SME and personal lines insurance broker and professional risk advisory business. Sutton Specialist Risks, based in Bristol, provides wholesale insurance products for clients in security and fire protection. Both companies will operate under their brands as part of Acrisure.

Acrisure has completed or has under letter of intent more than 120 acquisitions. The company expects to make further announcements of UK acquisitions and partnerships in the near term.

Acrisure secured additional funding to fuel its ongoing global expansion in May, closing $725 million in Series B-2 preferred equity. A wholly owned subsidiary of ADIA led the round.

The company, headquartered, in Grand Rapids, Michigan, provides a range of financial services including insurance, reinsurance, real estate, cyber and asset and wealth management.

ADIA was founded in 1976 and is a global investment institution that invests on behalf of the government of Abu Dhabi with a focus on long-term value creation.