Guggenheim Ties Weigh on Acrisure Debt, Dragging High-Yield Credit Markets
It had already been a tough 2026 for Acrisure. Part fintech, part insurance broker, the firm said in late May it would cut 11% of its workforce, or some 2,250 people, as part of a sweeping overhaul to modernize operations. Some of its bonds and loans had fallen, but still remained above levels typically deemed distressed.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.