US provider expanding in UK secures $2.1bn in funding round led by exiting Esure owner

Acrisure has raised £1.6bn ($2.1bn) in a funding round led by exiting Esure owner Bain Capital.

The US provider, which was founded as a broker, said funds from the round would be used to pursue strategic accretive M&A and accelerate its development as a technology-enabled financial services platform.

Investors involved in the transaction include Bain Capital Special Situations, Fidelity Management and Research Company, Apollo Funds, Gallatin Point Capital, BDT and MSD Partners, as well as a consortium of other investors.

“This transaction represents a significant milestone and serves as proof that our vision for Acrisure’s scaled platform has become a reality,” said Greg Williams, chairman, chief executive and co-founder of Acrisure.

“Our evolution from an insurance brokerage into an artifical intelligence (AI) and technology-powered global financial services provider has opened the door to massive opportunity.

“I see limitless potential for how far Acrisure can go and we’re extremely grateful for the financial support and validation from our investors.”

Expansion

Bain Capital made the investment after agreeing to sell Esure last month (April 2025), with the private equity firm having acquired the UK motor and home insurance provider in 2018 for £1.21bn.

Its interest in Acrisure comes following the firm expanding in the UK market, which it entered in 2022 with the acquisition of Nottingham-based Russell Scanlan.

Acrisure currently owns a total of nine UK retail insurance brokers. This month (May 2025), it announced a rebranding spree, with all the purchased firms set to change their names over 2025.

With Bain Capital’s investment, Acrisure now has a valuation of £23.9bn ($32bn).

Mark McIlquham, chief executive at Acrisure UK Retail, said: “Bain Capital’s investment is a strong endorsement of how far we have come. I’m looking forward to the next phase of our growth in the UK as we continue to build on our £100m+ revenue and our team of more than 700 colleagues.

”Acrisure is a dynamic and inspiring place to be and I look forward to driving even greater success in the UK market.”

Cristian Jitianu, a partner at Bain Capital who will be joining Acrisure’s board of directors, added: “Williams and his talented leadership team have built an impressive business that is clearly differentiated by its combination of entrepreneurial DNA, cutting-edge technology capabilities and deep industry expertise.

“We are pleased to be selected as Acrisure’s partner of choice on this transaction and look forward to supporting their continued growth strategy as the company builds on its success delivering the right personalised insurance and business solutions to its clients.”