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CHARLOTTE, N.C. (Nov. 2, 2017) – AmWINS Group, Inc. (“AmWINS”), a global distributor of specialty insurance products and services, is pleased to announce that it has completed the acquisition of 15 insurance programs from Willis Towers Watson (NASDAQ: WLTW).
The addition of these programs further strengthens AmWINS as the leading U.S.-based specialty insurance distribution firm, with more than 4,300 employees across 12 countries and over $14 billion in annual premium placements. The programs will become part of AmWINS Program Underwriters (APU), which currently underwrites 20 programs with over $150 million of premium.
The 15 acquired programs have a team of over 110 experienced professionals with offices in Portsmouth, New Hampshire; Burlington, Vermont; Tampa, Florida; Detroit, Michigan; Denver, Colorado; Salt Lake City, Utah; and Hartford, Connecticut. Among the programs being acquired by AmWINS are MountainGuard, which provides underwriting, claims, and loss control services to the majority of ski resorts in North America, and DealerGuard, which provides Dealer Open Lot and Comprehensive Package coverages for franchised and independent auto, truck, and RV dealers.
To learn more about the 15 acquired programs, visit www.programs.amwins.com
Terms of the transaction were not disclosed.
About AmWINS Group, Inc.
AmWINS Group, Inc. is the largest independent wholesale distributor of specialty insurance products in the United States, dedicated to serving retail insurance agents by providing property and casualty products, specialty group benefit products and administrative services. Based in Charlotte, N.C., the company operates through more than 100 offices globally and handles premium placements in excess of $14 billion dollars annually. To learn more, visit www.amwins.com.
About AmWINS Program Underwriters
AmWINS Program Underwriters (APU) is a managing general agency (MGA) specializing in affinity and program management. For over a quarter century, APU has built a reputation of developing and maintaining programs for a variety of niche markets that provide broad-based property and casualty coverage. For more information, visit www.amwins.com/apu.
About Willis Towers Watson
Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential.