GRAND RAPIDS—The fintech company and global insurance broker Acrisure announced the formation of a new business unit called Acrisure Cyber Services, joining insurance, reinsurance, real estate services and asset management among the company’s divisions.
Acrisure officials noted that businesses in every industry face complex cyber risk, particularly the millions of small and midsize companies comprising much of Acrisure’s client base, with nearly half of cyberattacks targeting small businesses, few of which are fully prepared. Additional pressures, including prolonged remote working, necessitate a complete easy to deploy solution that addresses the full spectrum of cyber risk.
“As risk advisors to millions of clients, we’ve heard countless times that cyber risk is a present and growing concern,” Acrisure co-founder, CEO and president Greg Williams said. “In response, Acrisure Cyber Services delivers a solution for the full spectrum of cyber risk, from insurance to cybersecurity and data recovery.”
Among the services to be offered by the new division:
- Risk Assessments: Real-time vulnerability scans enabling clients to see their organization’s cyber risks as hackers do.
- Insurance: Innovative coverage through an experienced, global and top-ten broker.
- Security & Antivirus: Streamlined deployment of advanced, AI-based security solutions that provide real-time threat prevention, detection and response.
- Recovery: Critical infrastructure in the wake of an attack, such as ransomware response, searchable back-ups and business resumption (revenue security).
Acrisure’s new division is led by Bill Meara, an entrepreneur whose prior companies generated more than $5 billion in revenue. He joins Acrisure from the private equity fund Abry Partners, where he served as an operating partner. Earlier, Meara founded two out-of-home advertising companies and from 2013 to 2020, serving as chairman and COO of Access Sports Media in partnership with Columbia Capital.
“Cyber risk is the greatest threat to small and midsize businesses, and no solution matches the speed, scale and simplicity of our offering,” Meara said. “As an entrepreneur and now leader at a dynamic and diversified company in Acrisure, I understand the challenges facing today’s business owner. With our world class team, I’m motivated to deliver our 360-degree solution and provide our customers further peace of mind.”
Joining Meara is Adam Abresch, executive vice president, who leads Acrisure’s Cyber Insurance Practice and has been recognized as a NetDiligence Rising Star. Other members of the team include Michael Amaral, chief revenue officer, and Queena Kim, director of operations, who bring more than 20 years of experience in fintech and related industries.
Acrisure specializes in intelligence-driven financial services The company has grown revenue from $38 million to more than $3 billion in just over eight years and has locations in nine countries. Find out more at www.acrisure.com.