Acrisure expands global footprint to Portugal

Acrisure has signed an agreement to acquire one of Portugal’s leading insurance brokers, Universalis. The transaction is under review by the Portuguese Regulator and the transaction will complete subject to their approval.

Since its founding in 1971, Universalis has grown its insurance premiums to over €25 million 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 operations on the continent, which also include Spain, Italy, the Netherlands, Switzerland and the United Kingdom.

“Universalis boasts an impressive track record of growth and has cemented its position as a strong business in Portugal. 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!” – Greg Williams, co-founder, chairman and CEO, Acrisure.

“The partnership with Acrisure will be immensely valuable to us as we integrate their tech-driven approach and capabilities into our operations. This will allow us to rapidly accelerate our growth in Portugal and offer clients a robust suite of solutions.” – Ricardo Moreira, chairman of Universalis.