Reinsurance News
AmWINS
Amwins APU promotes Barnhorst as Adams to retire
9th June 2023
Amwins Program Underwriters (APU), part of the Amwins Underwriting division has announced that after nearly 45 years of service with the MountainGuard program, Bo Adams will retire from Amwins effective June 1, 2023. However, going forward, the company has confirmed that Tim Barnhorst will be responsible for the operational oversight of MountainGuard's Read the full article
SageSure announces $250 million equity investment led by Amwins and Flexpoint Ford
16th May 2023
SageSure, a provider of catastrophe-exposed property insurance, has successfully closed a $250 million equity investment round. The investment was led by Amwins, a prominent insurance broker, and Flexpoint Ford, a private equity firm, with participation from Ares Management Corporation. This capital infusion will facilitate SageSure's growth trajectory as it surpasses $1 billion ... Read the full article
Hard market condition impacting P&C books, reports Amwins
9th May 2023
A new survey of property and casualty (P&C) brokers and agents has found that 97% of respondents feel that recent hard market conditions are impacting their books of business, while 95% say their clients risk being underinsured due to high inflation in 2022. Amwins notes that insurers have become more price ... Read the full article
Andrew Kay to lead Amwins Specialty Casualty Solutions
8th May 2023
Andrew Kay has been appointed president of Amwins Specialty Casualty Solutions (ASCS), part of Amwins Underwriting. He succeeds Munawar Ali, who led ASCS since its launch in 2011 and has moved into a new firm-level role focused on product development for Amwins. In his new role, Kay will lead one of the ... Read the full article
Lockton acquires THB Brazil from Amwins
5th May 2023
Lockton has announced the acquisition of THB Brazil from Amwins as the insurance broker continues to expand its footprint across Latin America; terms of the transaction were not disclosed. Upon completion of the deal, Eduardo Lucena, chief executive officer of THB Brazil, will assume new responsibilities as Deputy chief executive officer ... Read the full article
Amwins adds Tisha Baptist as new underwriter for TUMI
11th April 2023
Amwins, a global distributor of specialty insurance products and services, has announced the addition of Tisha L. Baptist to Trinity Underwriting Managers (TUMI), part of Amwins Underwriting. In her new role, Baptist will focus on renewal underwriting for TUMI’s towing, sand and gravel programs, helping build relationships in the Midwest and ... Read the full article
Amwins new A&E company to act as underwriting arm of its Group Benefits division
6th April 2023
Amwins, a global distributor of specialty insurance products and services, has announced the launch of Amwins Accident & Health Underwriters. This newly formed operating company acts as the underwriting arm of Amwins' Group Benefits division and represents the integration of Beacon Risk Strategies, Strategic Underwriting Solutions (SUS) and Amwins Group Benefits ... Read the full article
Amwins partners with Kettle, PartnerRe on excess wildfire product for California
5th April 2023
Amwins Access, a binding and brokerage platform for the P&C industry, has launched the Excess Wildfire Product that has been designed to complement a self-insured retention plan or the California FAIR (or a similar) plan. Amwins has partnered with PartnerRe Insurance Solutions Bermuda Ltd., a global reinsurer, to offer its excess ... Read the full article
Reinsurers’ capacity caution to adversely affect casualty market: Amwins
2nd March 2023
Amwins has highlighted in its Q123 State of the Market report, that due to the dislocation within the property market, reinsurers are being “extremely cautious” with all their capacity, which ultimately may have an adverse effect on the casualty market further into 2023. The report states that capacity, rate, terms, and ... Read the full article
Challenging insurance market should provide long-term stability: AmWins
28th February 2023
Sharing its view on the property insurance market outlook for 2023, insurance broker AmWins said it expects the hard market to continue this year, which, in the long term, should provide a more stable insurance environment. Additionally, themes like catastrophic weather events, inflation and economic uncertainty are going to be seen ... Read the full article
Amwins invests in Australian start-up MGA incubator, Rhodian
27th February 2023
Amwins, a global distributor of specialty insurance products and services, has announced a new minority investment in Rhodian, an Australian start-up MGA incubator. Rhodian was initially formed in response to what it describes as the "ever-changing" Australian agency environment. The firm states that barriers for newcomers to the market are becoming significantly ... Read the full article
Industry should “absolutely” move to less model dependency, says Amwins’ Bernacki
24th January 2023
Given the continued ‘model miss’ of the recent catastrophes, Mark Bernacki, Chief Underwriting Officer of Amwins, has suggested that the industry should “absolutely” move to less model dependency. In his interview with Reinsurance News, Bernacki gave a definitive “yes”, when asked whether it was time to move on, citing the increased ... Read the full article
There’s reasons to be upbeat & positive on the MGA space, says Amwins’ Bernacki
17th January 2023
In an interview with Reinsurance News, Mark Bernacki, Chief Underwriting Officer of Amwins, suggested that he remains very upbeat and positive on the MGA/MGU world despite assessing that valuation expectations will trend down in 2023. Bernacki noted that the downward trend will be driven by a variety of factors. First noting ... Read the full article
Amwins appoints Jennifer Nuest as transportation practice leader
6th December 2022
Amwins, a global distributor of specialty insurance products and services, has announced the appointment of Jennifer Nuest to the newly created position of transportation practice leader. Nuest has over a decade of transportation insurance industry experience and joins from the carrier, retailer and insurtech startup, Nirvana Insurance. Her skills include business ... Read the full article
Amwins acquires wholesale business from Franklin Street
30th November 2022
Amwins, a global distributor of specialty insurance products and services, has purchased Arena Special Risks' wholesale business from commercial real estate and retail insurance firm Franklin Street. Both Amwins and Franklin Street have a long-standing relationship and both company’s recognise the exciting growth opportunity that exists for this wholesale property business on a ... Read the full article
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