Global insurance broker, Acrisure, has announced via a company-wide letter that it will lay off approximately 400 employees starting in 2026. According to Fox New West Michigan, the company sent out a letter this past Wednesday announcing its plans. In the statement, the company noted that it had to make the tough decision as a result advancing technology and automation, or in other words, AI.
While recommitting its dedication to the company’s home state, the statement noted that the brokerage firm needed to make the cuts in order to remain “competitive, strong, and able to deliver what our clients expect from us.”
From regional broker to global fintech leader
Acrisure’s transformation over the past 11 years has been nothing short of breathtaking. From a privately owned regional agency with a respectable $38 million revenue circa 2014, the company has grown and evolved into a global fintech platform boasting almost $5 billion and over 19,000 individuals in 24 countries as of October 2025. It now frames itself as a global fintech leader offering an array of customized solutions insurance, reinsurance, payroll, benefits, cybersecurity, and real estate services.
Founded in Michigan in 2005, Acrisure was acquired by Genstar in 2013. Upon its acquisition, the company embarked on an ambitious campaign to expand both its geographic footprint and insurance offerings throughout the country.
Initially, the company focused on a Mergers and Acquistion expansion strategy, which saw it acquire hundreds of agencies over the past 11 years, including 65 alone in 2021.In November 2016, the company successfully completed a management-led buyout of the company in a $2.9 billion dollar transaction, led by Acrisure Chief Executive Officer and Co-Founder, Greg Williams.
In 2018, the company announced that Blackstone’s GSO Capital Partners and Tactical Opportunities businesses (“Blackstone”), Partners Group, and Harvest Partners SCF increased their investment in Acrisure bring the grand total of their combined investment to approximately $2 billion of preferred equity in the company.
And just this year, the company announced that it had secured another $2.1 billion in funding from Bain Capital, to continue its mergers and acquisition expansion strategy.
The company also established a solid presence both in Massachusetts and the New England region.
