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American Wholesale Insurance Group Completes Strategic Acquisition of Quaker Special Risk (SE)

12/08/2004

American Wholesale Insurance Group (AmWINS), the nation’s largest independent wholesaler, has acquired the Southeast office of Quaker Special Risk.

“The acquisition will enable us to expand our brokerage footprint in the Southeast, says Steven DeCarlo, President & Chief Executive Officer of AmWINS.  He continued, “The addition of the Charlotte operation builds on our commitment to provide retail agents and brokers access to product and market expertise through highly skilled wholesale brokers.  Doug Sanders and his entire team are the perfect fit as they will continue what they started 17 years ago under the Quaker Special Risk banner, but now will trade as AmWINS Brokerage of the Carolinas.”

Doug Sanders, President of AmWINS Brokerage of the Carolinas, stated, “We are excited to join AmWINS as it will enable us to strategically grow our business throughout the Carolinas and the Southeast overall.  AmWINS not only provides a national brokerage platform, but access to leading-edge products and additional market relationships, which are essential in growing our business.”

“An opportunity to bring aboard the brokerage caliber of Doug Sanders and his team is exciting for us,” says DeCarlo.  “Doug has developed one of the strongest and most well-respected wholesale operations in the Southeast and has provided retail agents and their clients with unique insurance solutions for well over a decade.  We are pleased to welcome the Charlotte based operation to AmWINS.”