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Reinsurance News


AmWINS acquires LISI, CoPower

9th August 2019

AmWINS Group, Inc. has announced that it's set to acquire LISI, Inc. and CoPower (Administrators), Inc., which will both become part of the company's Group Benefits division. LISI was founded in 1977 and is a California-based general agent with a specialist focus on medical and ancillary benefits. CoPower, a third-party administrator focused ... Read the full article

AmWINS’ Unicorn MGA names Matt Edwards lead underwriter, property specialty

13th June 2019

Unicorn Underwriting, the specialist managing general agent (MGA) of AmWINS Group, Inc. has appointed Matt Edwards as lead underwriter, property specialty, effective June 17th, 2019. In his new role, Edwards will report to Chief Executive Officer (CEO) of Unicorn and CEO of re/insurance broker THB Group, Frank Murphy. As lead underwriter of ... Read the full article

Loss creep on casualty lines hardening rates across all sectors: AmWINS

30th May 2019

The continued deterioration of loss development on casualty lines has driven market hardening to a greater degree than was originally projected, according to analysts at specialty insurer AmWINS. The group’s State of the Market report for Q2 2019 noted that firming has spread out from segments such as New York construction, ... Read the full article

Increasing rates creating deeper, broader change in property market: AmWINS

28th May 2019

Global specialty insurance provider AmWINS has in a new report stated that the firming seen in the property market towards the end of 2018 and into the first quarter of 2019, has accelerated. AmWINS says adverse loss development has been a catalyst in this acceleration. Two consecutive years with combined ratios exceeding ... Read the full article

AmWINS adds Lead Underwriter for Property Specialty at Unicorn Underwriting

24th May 2019

Global specialty insurance provider AmWINS has announced the appointment of Matt Edwards as Lead Underwriter for Property Specialty in its London-based MGA Unicorn Underwriting. He will lead a fourth division of Unicorn, Unicorn Property Specialty, and will focus on writing property insurance for small to medium size businesses and high value ... Read the full article

AmWINs launches commercial property flood product with TFIA

3rd May 2019

Global specialty insurance provider AmWINS has launched a new commercial property flood product in conjunction with its recent acquisition of Florida-based MGA The Flood Insurance Agency (TFIA). The new product, called FloodFLEX, is designed to eliminate out-of-pocket expenses not covered by traditional flood insurance, AmWINS explained. FloodFLEX increases the loss payable ... Read the full article

AmWINS Group adds Alycia Kiley as SVP

26th March 2019

Global specialty insurance provider AmWINS Group has announced the appointment of Alycia Kiley as Senior Vice President. Kiley, who most recently served as Senior VP at the Council for Insurance Agents and Brokers (CIAB), will be focused on building strategic partnerships with the firm’s retail clients. Prior to her time with CIAB, ... Read the full article

Moderate casualty reinsurance rate increases expected in 2019: AmWINS

30th January 2019

After several years of declines, casualty reinsurance premiums bucked the recent trend in 2018, and going into 2019, continued, modest increases are expected in primary casualty reinsurance, according to AmWINS. According to the global specialty insurance provider, rate increases in casualty reinsurance are being driven by a number of factors. This ... Read the full article

Cat-exposed property lines to see double-digit rate increases: AmWINS

23rd January 2019

The property re/insurance market experienced some firming at the recent January renewals, which could translate into double-digit rate increases for catastrophe-exposed business as we progress further into the year, according to analysts at AmWINS. The specialty insurer added that spikes of up to 40% were “not out of the question” for ... Read the full article

AmWINS to acquire Florida’s The Flood Insurance Agency

14th January 2019

Global specialty insurance provider, AmWINS Group, Inc., has agreed a deal in principle to acquire Florida-based managing general agency (MGA), The Flood Insurance Agency. The Flood Insurance Agency specialises in private market flood insurance, providing access to an alternative to the National Flood Insurance Program (NFIP). Operating as a Program Administrator for ... Read the full article

AmWINS announces formation of two marine-focused MGAs

14th August 2018

Speciality insurer AmWINS Group has announced the formation of AmWINS Specialty Logistics Underwriters (ASLU) and Sentinel Marine Underwriters (SMU) - two specialty Managing General Agencies (MGA) focused on the marine industry. Executive Vice President Alex Rosas will lead ASLU from Sunrise, Florida, while Mark Bernas and Keith Blair, also both EVPs, ... Read the full article

AmWINS appoints Swiss Re’s Robert Petrilli as President of Underwriting

8th August 2018

Speciality insurer AmWINS Group has announced the appointment of Robert Petrilli as President of its Underwriting division, effective immediately. Petrilli will be overseeing 11 operating companies, representing over $1.7 billion in underwriting premium; the largest MGA platform in the U.S. “Our underwriting division has seen incredible expansion over the last 24 months, ... Read the full article

Brokers relying on more granular data in challenging property market: AmWINS

3rd July 2018

Property market brokers are increasingly relying on more granular data and risk models to obtain better results as 2018's underwhelming pricing environment looks set to extend into the second half of the year, according to specialty insurer AmWINS. A report by the company observed that advanced risk modelling was leading to greater ... Read the full article

SME division launched within AmWINS’ London MGA, dual appointments made

12th June 2018

Speciality insurer AmWINS Group has announced the launch of an SME division within its London-based MGA Unicorn Underwriting. The launch signals the appointments of Kevin Hawkins as U.K. SME Underwriting Director and Richard Ellis as U.K. SME Pricing Director, effective immediately. Alongside the previously available unoccupied residential and commercial property policies Unicorn ... Read the full article

Purviance succeeds DeCarlo as CEO of AmWINS

1st May 2018

AmWINS Group has confirmed that Scott M. Purviance has succeeded M. Steven DeCarlo as the company’s Chief Executive Officer (CEO), effective immediately. The leadership change, which was first announced in January 2018, will see Purviance continue to build AmWINS' focus on growth, diversification, and technology. Most recently, Purviance served as the ... Read the full article

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