AMWINS Chalks Up Number 52
Amwins, a global distributor of specialty insurance products and services, announced its acquisition of Worldwide Facilities, the fourth-largest wholesale broker in the U.S to expand its offerings to provide a wider variety of unique, specialty insurance solutions to its retail clients. With a flurry of mergers and acquisitions in the specialty insurance space, Amwins states that it has been leading the charge in these moves for more than 15 years. Looks like it. The partnership marks Amwins’ 52nd acquisition; as the brand and the industry continue to grow by consolidation. Together, these companies will form the industry’s largest and most diversified specialty distribution firm, changing the landscape of specialty insurance with extended reach and offerings. Independent retail agents will be able to offer their clients more specialty services in order to fit the needs of their own clients in an ever-changing world.
Together, these companies will form one of the industry’s largest and most diversified specialty distribution firm.
The addition of talent, distribution abilities and increased expertise means Amwins will now expand its offerings and footprint, especially on the west coast.
The partnership will extend Amwins’ casualty and professional lines capabilities, specifically around Construction, Workers Compensation, D&O and E&O – solidifying Amwins’ place as a leader in specialty insurance distribution.
The combined company will have more than 6,750 employees in over 155 offices across the U.S. and place in excess of $24 billion in premium annually.