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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.

The infusion of Tulco AI into the Acrisure network will accelerate sales development and risk intelligence across the entire portfolio, which is heavily focussed on the US small and medium commercial market.

Acrisure is an insurance brokerage that provides a broad array of insurance-related solutions, including commercial property and casualty, personal lines and employee benefits through its global network of Agency Partners.

Tulco, LLC is an alternative investing platform, structured as a holding company that was established to disrupt large sectors of the economy.
Date Published: 31/07/2020