Acrisure, a Fintech leader that operates a top-10 global insurance broker, today announced it has signed an agreement to acquire one of Portugal’s leading insurance brokers, Universalis (trademark of Corpos – Corretora de Seguros, Lda). The transaction is under review by the Portuguese Regulator (ASF) and the transaction will complete subject to their approval.
Since its founding in 1971, Universalis has grown its insurance premiums to over €25m and expanded its offices network across Portugal. The partnership with Universalis is Acrisure’s first in Portugal and adds another major European market to Acrisure’s substantial operations on the continent, which also include Spain, Italy, the Netherlands, Switzerland and the United Kingdom. Like these other country expansions, the Universalis team will tap into Acrisure’s network of sales professionals, product experts, and innovators to solve a variety of client needs.
“Universalis boasts an impressive track record of growth and has cemented its position as a strong business in Portugal,” said Greg Williams, Co-Founder, Chairman and CEO Acrisure. “As part of Acrisure, clients of Universalis will gain the resources of a global Fintech leader. Similarly, Acrisure benefits from working with our talented new Partners in Portugal!”
“The partnership with Acrisure will be immensely valuable to us as we integrate their tech-driven approach and capabilities into our operations,” said Ricardo Moreira, Chairman of Universalis. “This will allow us to rapidly accelerate our growth in Portugal and offer clients a robust suite of solutions.”
“We are very excited to take Universalis to the next level by partnering with Acrisure, one of the world’s six largest brokers – but as a Fintech company, so much more! We have had the perfect chemistry with Acrisure since the first conversations, sharing the same ambition, the same vision, and more importantly, their values fit nicely with our own,” said José Rodrigues, Universalis´s Managing Director.
“I am delighted to welcome Ricardo, José and the entire Universalis team aboard. As Acrisure continues to expand our footprint around the world, their dynamic leadership team is well placed for future growth by driving the development of innovative solutions that are customized to the needs of each client,” added Jason Howard, President of Acrisure International.