Michigan-based fintech firm Acrisure has acquired Financial and Credit Insurance Services (FinCred) and Global Broking Solutions (GBS).
According to the firm, the policy, supported by three of the world’s largest reinsurers, offers cover against supply chain disruption, reputational damage and product withdrawal.
The first phase of the firm’s rebranding efforts includes the launch of the new website www.baldwin.com and other relevant content and marketing assets.
The move follows the recent Ardonagh’ acquisition of Italian broker Mediass, and its acquisition of reinsurance and MGA business Teksure.
The new division will provide solutions and guidance to healthcare providers and their insurers, and provide access to BMS’s broad range of insurance, reinsurance and risk management services and products.
According to an official statement, the agreement was made during the ninth Working Meeting of Hong Kong-Shanghai Financial Cooperation in Hong Kong as part of a broader pact between the two cities on enhancing financial ties.
DIFC also reported a 20 per cent increase in registration of (re)insurance firms, including the first re-domiciliation of a Guernsey-based captive.