Amwins, an independent wholesale distributor of specialty insurance products, has announced its definitive agreement to acquire Connected Risk Solutions, LLC, the wholesale E&S insurance brokerage operated by BRP Group, Inc. (BRP).
Jeff McNatt, President of Amwins Brokerage, expressed enthusiasm about the collaboration, emphasising the shared expertise and growth opportunities.
He stated, “We are pleased that the Connected Risk Solutions team is joining the Amwins’ Brokerage team so that we can collectively leverage our expertise, particularly in the specialty areas of healthcare and cyber.”
Trevor Baldwin, CEO of BRP Group, affirmed the longstanding relationship between BRP and Amwins, expressing confidence in Amwins as the new home for Connected Risk Solutions clients and colleagues.
He noted, “BRP has had a preferred and trusted wholesale trading relationship with Amwins for many years and we believe Amwins will be a fantastic home for all of our Connected Risk Solutions clients and colleagues.”
Connected Risk Solutions, formed in January 2020 through BRP Group’s acquisition of Highland Risk Services, LLC, and subsequent combination with AB Risk Specialist, LLC, and KB Risk Solutions, LLC, will bring approximately 40 colleagues to Amwins, primarily located in Atlanta and Chicago.
The transaction signifies Amwins’ commitment to enhancing its position as the industry’s largest specialty insurance distribution platform, constantly striving to collaborate and share knowledge across teams and divisions to better serve clients.
The acquisition is subject to customary closing conditions and is expected to be finalised on March 1, 2024.
