Acrisure London Wholesale (ALW), the London-based wholesale division of Acrisure, has announced a strategic broking partnership with Israeli broker Madanes.
Madanes, which employs more than 300 people, is recognized as the largest re/insurance broker in Israel and offers a range of reinsurance and insurance services to industry, commercial, and private clients.
The partnership has enabled Madanes to access the Lloyd’s and broader London insurance markets, creating new opportunities for complex and specialized placements. Since the collaboration began, both firms have reported several successful placements.
“Madanes is a respected and long-established broker with a reputation for deep expertise and strong client relationships," said Tom Quy (pictured above, left), managing director of Acrisure London Wholesale.
Quy said that working with Madanes supports ALW’s efforts to expand its international presence. He also noted that the partnership’s success in navigating the Lloyd’s market demonstrates its value in achieving outcomes for clients.
Boaz Rubin (pictured above, right), CEO of Madanes, said the partnership presents significant opportunity to leverage ALW’s capabilities and global relationships.
“The team has delivered strong results on several complex placements, showcasing their ability to respond to challenging market conditions with precision and innovation,” Rubin said. He indicated that Madanes plans to continue building on the partnership as both firms pursue further growth.
Elsewhere, Acrisure has recently expanded its UK presence by rebranding two specialist brokers, FinCred and Building & Land Guarantees (BLG), under the Acrisure name. The company’s UK platform now consists of nine integrated businesses, serving both regional and national clients.
In addition, Acrisure Re, the reinsurance division of Acrisure, recently launched AcrisureIQ PRO, a portfolio optimization tool that uses predictive analytics and machine learning to help clients manage risk and improve underwriting outcomes. The tool is part of the company’s broader push to provide actionable insights and advanced analytics to clients in an increasingly complex market.
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