Amwins, a global distributor of specialty insurance products, has acquired NARDAC, a brokerage specialising in energy and infrastructure.
This move follows Amin’s initial investment in NARDAC in 2020 and the recent purchase of the remaining privately held shares.
According to the announcement, NARDAC’s specialist wholesale, reinsurance and underwriting services will be integrated into Amwins’ existing Energy practice.
This combined entity will be rebranded as Amwins’ Energy, Power and Infrastructure practice, which will work collaboratively across Amwin’ s Brokerage, Global Risks and Underwriting divisions, placing more than $1 billion in annual premium.
Amwins’ Energy, Power and Infrastructure practice provides retail brokers and their insureds covering risks in traditional energy systems, divergent power technologies, renewables and converged infrastructure.
NARDAC’s specialty programs, including Community Solar, Battery Energy Storage Systems (BESS) and severe convective storm cover remain a strategic advantage for the practice.
The rebranded Amwins Energy, Power and Infrastructure practice will be co-led by Ben Abernathy, Rob Battenfield and Jatin Sharma, who will also continue managing their individual teams and books of business.
Rob Battenfield, executive vice president at Amwins Brokerage and co-leader of Amwins Energy, Power and Infrastructure practice commented: “As the needs of the market have evolved, we are excited to add NARDAC’s expertise to our practice, creating more options for our retail partners to access world class solutions.
“Formalizing this structure into a broad global offering that serves a significant portion of the energy and infrastructure markets will cement Amwins as a key wholesale partner for retail brokers and underwriters.”
Jatin Sharma, executive vice president at Amwins Brokerage and co-leader of Amwins Energy, Power and Infrastructure practice, said:“Power generation, storage, transmission and AI infrastructure are increasingly interconnected.
“Molecules and electrons now shape converged risks across the energy transition and the digital transformation of global economies. This requires deep expertise and understanding of evolving asset risks, as well as an entrepreneurial approach to innovating tailored policies and solutions.”
Sam Baig, president of Amwins Brokerage, added: “Amwins’ power and energy offering provides a broad, specialized platform for placement across traditional and new converged assets. With the complete integration of NARDAC into the practice, we are furthering our presence as a leading provider of innovative specialty risk transfer in infrastructure and renewable energy.”
Amwins Energy, Power and Infrastructure practice will operate across the United States and from the Amwins Global Risks office in London.
