Waller Helms Advisors served as financial advisor to Greenlight re on this transaction.
AccuRisk Solutions LLC (“AccuRisk”) announced today that it has joined the Ardonagh Group and will operate within Ardonagh’s Global Partners Segment.
Together with Amynta Group, the Ardonagh Group has acquired a majority share of AccuRisk as part of its international growth strategy to invest in leading platforms in attractive markets and product verticals outside of the UK and Europe.
AccuRisk has increased their marketshare and industry footprint through organic growth and targeted acquisitions since it was founded in 2017. Its 82 person staff operates from offices in Boston, Kansas City, Baltimore, Dallas, Indianapolis, and Phoenix and last year wrote $137m of premiums.
Medical stop loss has rapidly expanded in the US as employers look for alternatives to the fully insured market. AccuRisk has also expanded into the Captive and Ancillary service lines as these markets have significant growth opportunities in the US.