Deal Snapshot
Acrisure Acquires Tulco to Enhance Insurance Solutions with Artificial Intelligence
Friday 31 July 2020

US-based insurance brokerage Acrisure has acquired the insurance practice of Tulco LLC, a Pennsylvania-based insurance practice, in a stock-for-stock trade, to add data science, AI and machine learning capabilities to the insurance brokerage industry, the company said.

Bloomberg reports the acquisition of Tulco was acquired for USD 400m. With the new technology infrastructure, Acrisure will fully harness AI capabilities to innovate the product development and insurance sales and marketing process across its portfolio of Agency Partners, a global network of commercial property and casualty, life and employee benefits brokerages.

Date Published: 31/07/2020