“This organizational alignment is the next clear step in Arcisure’s journey to becoming a fintech financial services company,” said Greg Williams, Co-Founder, President and CEO of Arcisure. “This vision encompasses the success of our core insurance brokerage business and goes beyond that. In just eight years, we’ve grown Arcisure from $ 38 million to more than $ 2.3 billion in revenue, powered by an entrepreneurial mindset and a limitless outlook. Our chance today is different from any other. “
Williams said that since acquiring the insurance practice of AI company Tulco last year, Arcisure has “implemented a transformative, technology-driven strategy” to enable greater customer focus and innovation across the company.
“This next role for Grahame accelerates his impact on the business, including leading our market relationships and providing technical support to our insurance portfolio,” said Williams.
Prior to his new role, Millwater was President of Arcisure International and Global Markets. He joined Arcisure, a global reinsurance broker, which he has headed since 2013, in 2018 after acquiring Beach & Associates. Beach & Associates was renamed Arcisure Re late last year.
Prior to Beach & Associates, Millwater held various senior positions at Willis Group for 27 years, including CEO of Willis Re and President of the Willis Group.
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“I am grateful to the Greg and Arcisure global partner network for the trust they have placed in me,” said Millwater. “Together we are creating the next generation sales model based on the best human skills and abilities combined with the application of technology and AI. Beach came to Arcisure because of the unique model and potential of what Greg and the team were building. The opportunity exceeded all of our expectations and I look forward to continuing to play a key role in growing such an exciting and unique business. “
Arcisure also announced that Jason Howard, current CEO of Arcisure Re worldwide, will serve as President of Arcisure International and Chairman of Arcisure Re. Simon Hedley, current CEO of Arcisure Re North America, will become CEO of Arcisure Re worldwide reporting to Howard.
“The ease with which Jason and Simon can step into their respective new roles reflects the depth and closeness of the team we have developed at Arcisure International and Arcisure Re,” said Millwater. “I am very much looking forward to continuing to work closely with both of them.”
Arcisure also recently announced that Mark McIlquham is joining the company to advance its UK direct strategy.