What is Acrisure? Steelers stadium now named after Michigan company

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What is Acrisure? It’s a question many Pittsburgh Steelers fans are probably asking about the company that outbid Kraft Heinz for the naming rights to the Steelers stadium. Action News Investigates: Watch the report in the video player above. : Based in Grand Rapids, Michigan, Acrisure claims to be one of the top 10 insurance brokers in the world. Annual revenue has grown from $38 million to $3.8 billion in just eight years. In 2020, Acrisure bought an artificial intelligence company from Steelers co-owner Thomas Tull for $400 million. Tull is now president of Acrisure Technology Group. Acrisure and Tull have also teamed up with Denver Broncos quarterback Russell Wilson, Los Angeles Lakers Russell Westbrook and singer Ciara in a joint venture that consults with minority businesses. The company has other interests in the sport. year, Acrisure won the naming rights to a minor league hockey arena in Palm Springs, California. Acrisure CEO Greg Williams and his wife, Dawn, donated $10 million to upgrade Michigan State football facilities. Acrisure suffered embarrassment last year when its then-chief financial officer, Matthew Schweinzger, resigned following revelations that he was linked to a Ponzi scheme. The FBI arrested a college friend of Schweinzger’s, Zachary Horwitz, and accused him of losing more than $200 million in bogus distribution deals with Hollywood studios. The FBI said Schweinzger and other Acrisure executives who invested in the scheme were victims and are not charged.

What is Acrisure?

It’s a question many Pittsburgh Steelers fans are probably asking about the company that outbid Kraft Heinz for the naming rights to the Steelers stadium.

Action News Investigates: Watch the report in the video player above.

Here’s what we know about Acrisure:

Based in Grand Rapids, Michigan, Acrisure claims to be one of the top 10 insurance brokers in the world. Annual revenues have grown from $38 million to $3.8 billion in just eight years.

In 2020, Acrisure bought an artificial intelligence company from Steelers co-owner Thomas Tull for $400 million. Tull is now president of Acrisure Technology Group.

Acrisure and Tull have also teamed up with Denver Broncos quarterback Russell Wilson, Los Angeles Lakers Russell Westbrook and singer Ciara in a joint venture that consults with minority businesses.

The company has other interests in the sport.

Last year, Acrisure won the naming rights to a minor league hockey arena in Palm Springs, California.

Acrisure CEO Greg Williams and his wife, Dawn, donated $10 million to upgrade Michigan State football facilities.

Acrisure was embarrassed last year when its then chief financial officer, Matthew Schweinzger, resigned following revelations that he was linked to a Ponzi scheme.

The FBI arrested a college friend of Schweinzger’s, Zachary Horwitz, and accused him of losing more than $200 million in bogus distribution deals with Hollywood studios.

The FBI said Schweinzger and other Acrisure executives who invested in the scheme were victims and are not charged.

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