Reinsurance News
AmWINS
Beckham to lead Amwins Program Underwriters, Francavilla to retire
17th April 2024
Amwins, the global distributor of specialty insurance products and services, has hired Jon Beckham to lead Amwins Program Underwriters (APU), succeeding Ben Francavilla who has served as president of APU since 2009, and recently announced his retirement scheduled for later this year. APU is a managing general agent (MGA) ... Read the full article
Amwins launches digital platform for streamlined carrier quote access
4th April 2024
Amwins has launched Amwins InstantQuote (Amwins IQ), an online marketplace providing rapid access to firm, bindable quotes from multiple carriers, aiming to combine the convenience of online quoting with the scale of the nation's largest P&C wholesaler. With Amwins IQ, users can instantly obtain quotes, easily compare multiple markets, and promptly ... Read the full article
Amwins Program Underwriters launches coverage for home health care workers
28th March 2024
Amwins Program Underwriters (APU), part of the Amwins Underwriting division, has launched its new Home Health Care HNOA program designed to provide hired and non-owned auto liability coverage for home health care operations. With more seniors opting to stay in their homes longer and more medical procedures allowing for at-home recovery, ... Read the full article
Amwins to acquire Connected Risk Solutions from BRP Group
29th February 2024
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 ... Read the full article
Amwins MGA Unicorn Underwriting secures box at Lloyd’s
13th February 2024
Unicorn Underwriting, the London-based Managing General Agent (MGA) of Amwins, has announced it has secured a box at Lloyd's, demonstrating the firm's commitment to "maintaining excellent service levels" and its belief in face-to-face trading. Simon Jackson, Managing Director of Unicorn Underwriting, commented, "We're so pleased to be taking this Lloyd's box. "In ... Read the full article
Amwins partners with Lancer Insurance Company for trucking programs
6th February 2024
Amwins Underwriting has partnered with Lancer Insurance Company, the commercial auto division of Core Specialty, marking a new carrier relationship which will enhance two trucking programs provided through Amwins Transportation Underwriters (ATU). According to Amwins, the two programs include ATU's Advantage program, which is an exclusive program distributed through a select ... Read the full article
Amwins appoints Jason Kunert as Head of Claims
17th January 2024
Amwins, the Charlotte-domiciled global distributor of specialty insurance products and services, has appointed Jason Kunert to the newly created position of Head of Claims. Mark Bernacki, Chief Underwriting Officer, Amwins, commented on the appointment, "As a wholesale insurance distributor, our commitment to our carrier partners and retail agents is uncompromising. "We're excited ... Read the full article
Ryan Armijo appointed to lead Amwins Underwriting
2nd January 2024
Amwins, a global distributor of specialty insurance products and services, has hired Ryan Armijo to lead Amwins Underwriting. According to the announcement, Armijo is replacing Bob Petrilli who is retiring after serving as president since August 2018. However, Amwins has confirmed that Petrilli will be staying on with the firm ... Read the full article
Amwins’ Equisure launches livestock insurance program
18th December 2023
Amwins' Equisure has announced the launch of their new Livestock insurance program, that offers animal mortality, diseases and transit coverage for several types of livestock-related risks. According to the announcement, coverage is available nationally and is written on both an admitted and non-admitted basis by carriers AM Best rated "A+" and "A-" ... Read the full article
Difficult market conditions to continue in personal lines and small commercial property: AMWINS
14th December 2023
As insurers stop selling new policies or fully exiting distressed markets like California and Florida, and with remaining carriers raising rates, tightening terms and cutting capacity, AMWINS expects difficult market conditions will continue in personal lines and small commercial property. At the same time, analysts highlight that “as homeowners and small ... Read the full article
Amwins, Costero and Consilium among first brokers to adopt new market reform contract MRC v3
6th December 2023
Amwins, Aon, BMS Group, Gallagher, Howden, Consilium and Costero have started using the new market reform contract (MRC v3) marking the first step to the full adoption of Blueprint Two. The two-year program builds on the foundations laid by Blueprint One in September 2019 and focuses on shifting the market ... Read the full article
Property reinsurance rates to increase, casualty faces aggressive pricing challenges: Amwins
5th December 2023
In the latest Amwins State of the Market report for 2024, the reinsurance landscape appears to be experiencing subtle shifts, with notable developments in property and casualty sectors. The report notes an overall moderation in treaty reinsurance renewals and facultative buying, with property rates continuing to increase. However, there are indications that ... Read the full article
The healthcare market has become more difficult to navigate: Amwins
17th November 2023
With a blurring of lines between some risk retention groups (RRGs) and commercial lines carriers, as well as a trend to define standard coverage vs. E&S, the healthcare marketplace has become difficult to navigate, according to Amwins. In a recent report released by the firm that explores the state of the ... Read the full article
Amwins completes $1bn recapitalization transaction
15th November 2023
Amwins, an independent wholesale distributor of specialty insurance products, has completed a significant $1 billion recapitalization transaction with its existing shareholder group. According to the firm, Dragoneer Investment Group, Genstar Capital, SkyKnight Capital, L.P., and employee shareholders (together, the investors), purchased $1 billion in equity from more than 375 Amwins employee ... Read the full article
Amwins launches proprietary portfolio of data & analytics capabilities
13th October 2023
Amwins, an independent wholesale distributor of specialty insurance products, has launched its first comprehensive and proprietary portfolio of data and analytics capabilities, Amwins DNA. According to the firm, Amwins DNA's capabilities can help the company to ensure that it finds the best solutions for its clients and their insureds, as well ... Read the full article