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Acrisure LLC said Tuesday it has acquired managing general agency and wholesaler Appalachian Underwriters, based in Oak Ridge, Tennessee.
Terms of the transaction were not disclosed.
Acrisure, a Grand Rapids, Michigan-based fintech company that provides workers compensation insurance, said Appalachian places more than $400 million of gross written premium.
Appalachian’s core business includes workers compensation, commercial specialty, personal lines and transactional wholesale. Its programs and underwriting facilities are distributed on a national basis and supported by domestic insurers and Lloyd’s of London, Acrisure said in a statement.
Acrisure said last month it had acquired the managing general agency and third-party administrator operations of Bradenton, Florida-based SUNZ Insurance Co.