Global Captive Exit Solutions
Acumen has insurer and reinsurer licensed platforms to assume, write and acquire run-off business in the US, Bermuda, UK and EUAbout Acumen:
- Founded in 2006 in Bermuda
- 20+ years experience in captive exit solutions
- Global operations: Bermuda, BVI, Canada, Cayman, India, Ireland, Mauritius, Singapore, South Africa, UK, and USA
- 200 staff
Welcome to Acumen Insurance Exchange, LLC.
All lines of run-off business including property and casualty, workers’ compensation, asbestos and environmental, construction, motor, marine and aviation.
- $5M – $50M net assets for acquisitions.
- Up to $100M net reserves for Loss Portfolio Transfers or Business Transfers.
- Company acquisition solution: 100% share sale to achieve legal, economic and operational finality.
- Insurance transfer solution: insurance business transfers to achieve legal, economic and operational finality.
- Reinsurance solutions: Loss Portfolio Transfers to achieve economic and operational finality.
- Acquired a captive from a multinational US oil and gas company.
- Acquired a captive from an EU energy company.
- Acquired and converted a class 1 Bermuda captive to a class 3A commercial insurer.
- Restructured a captive to novate related party business and acquired remaining unrelated party business.
- Successfully de-authorized and liquidated a number of captive and small commercial insurers.
Get in Touch
Nick Briggs
CHIEF OPERATING OFFICER
Nick Briggs, a UK qualified accountant, currently heads Acumen’s insurance services platform, including run-off management services and run-off acquisitions. Prior to working at Acumen, Nick worked in the M&A team at Enstar Group Limited for 6 years, a market leader in the management and acquisition of insurance and reinsurance business in run-off.
Nick has 20 years’ experience acquiring insurance companies in run-off including raising, deploying and returning capital to investors, negotiating terms with sellers, managing preacquisition due diligence, financial modelling, financial valuation, legal review, post acquisition integration planning and execution, and executing run-off strategies including deauthorizing and liquidating run-off assets.
Nick has held a number of senior executive financial and Board positions with a number of insurance and reinsurance clients and acquired companies. He has extensive experience with the UK, US, EU and Bermuda regulators.
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