Acrisure launches Bermuda operation, led by Industry Veteran Scope

Grand Rapids, Michigan-based insurance broker and fintech specialist Acrisure has launched an office in Bermuda to focus on wholesale insurance brokerage for its global clients.

Trading as Acrisure Bermuda Ltd., the new business unit aims to complement MGA’s current reinsurance and specialist facilities, Acrisure said.

Industry veteran Paul Scope has joined the company to serve as CEO of this entity, reporting to Jason Howard, President of Acrisure International and President of Acrisure Re.

The new wholesale brokerage team will begin with professional liability, including directors and officers, errors and omissions, employment practices liability, cyber and wage and hour, followed by property and casualty.

An established leader in the Bermuda market, Scope brings over 40 years of experience to Acrisure, joining from Ardonagh Specialty (Bermuda) Ltd., where he was Chairman since 2021. Prior to this, Scope spent six years as Chairman of Willis Towers . Watson Bermuda. In 1989, he founded Park International, which was acquired by JLT in 2007, becoming JLTPark. He was the president and CEO of this business until 2014.

“There has been a growing US and international appetite to access the Bermuda wholesale market and as a result we are delighted to open this office,” commented Howard. “We are fortunate to have a leader with Paul’s expertise, experience and industry connections. I look forward to working with him to further establish and expand our position on the island and in the wider wholesale market.”

“Acrisure places $4 billion of premium in the wholesale market annually and I am excited to be a part of this rapidly growing business,” according to Scope.

“There are a wealth of wholesale opportunities on the island that Acrisure is well positioned to tap into,” he added.

“I look forward to working with Jason to build our team and proposition in Bermuda, continuing to collaborate with retail brokers and provide tailored insurance solutions to our global client base. I am also delighted to welcome experienced Bermuda brokers Alexandra Hayne and Trevor Ferguson to the team,” said Scope.

Source: Acrisure

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New markets