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Acrisure Re, the reinsurance division of broker Acrisure LLC, said Wednesday it promoted Michael Cross to president of the North American division, effective Jan. 1.
Mr. Cross is succeeding Simon Hedley, who became CEO of Acrisure Re in July.
He was most recently head of the Burlington, North Carolina, office and North American chief operating officer. He will now focus on running and developing the strategic direction of Acrisure Re’s reinsurance business in the United States and Canada, the statement said.
Also Wednesday, Acrisure Re said Michael Fitzgerald was promoted to office head of the Burlington, North Carolina, office where he will be responsible for overseeing day-to-day operations.
Mr. Hedley said in the statement the promotions help strengthen the broker’s market position in the U.S. and Canada.
Acrisure is the ninth-largest broker of U.S. business, according to the most recent Business Insurance rankings.
Acrisure LLC on Tuesday rebranded Beach & Associates Ltd., its reinsurance brokerage and London wholesale unit, as Acrisure Re and Acrisure London Wholesale.