28 September 2022Reinsurance

Acrisure acquires CRK CIS

Acrisure has announced its acquisition of CRK Commercial Insurance Services, the specialist commercial schemes provider. The deal is expected to close at the start of October 2022.

In the last nine years, Acrisure has completed or has under signed letter of intent more than 800 Partnerships globally, including nine in the UK. Established in 2000, CRK has grown into a highly successful broker in the manufacturing and engineering space under the leadership of its managing director, Darren Wills.

CRK partners with some of the largest insurers in the UK to establish exclusive insurance schemes with specialist covers and competitive rating structures to provide unique risk solutions for trades, with a focus on the manufacturing, engineering, rope access and HVAC industries.

According to the company Wills and his management team will continue to operate CRK under the CRK brand as part of Acrisure UK Retail. The CRK team will benefit from Acrisure’s technology capabilities and global network of brokers and MGA’s.

“I look forward to welcoming CRK to Acrisure,” said Mark McIlquham, president of Acrisure UK Retail. “We are excited to collaborate with CRK and Darren. CRK is a profoundly entrepreneurial and agile business with a fantastic client base. We were particularly attracted by the truly bespoke, unique schemes that the team have developed with their in-depth knowledge and understanding of specific trades and industries.”