Reinsurance News
AmWINS
Amwins launches Public Entity Excess Casualty Program
17th March 2025
Amwins Specialty Casualty Solutions (ASCS), a managing general agency (MGA) and specialty insurance program creator, has expanded its offerings with the launch of the Public Entity Excess Casualty Program. This program was designed to deliver innovative insurance solutions, combined with deep expertise and flexible coverage to meet the unique demands of ... Read the full article
Amwins acquires MGA Superior Underwriters
2nd January 2025
Amwins, a distributor of specialty insurance products and services, has reached an agreement to acquire Superior Underwriters, a Bellevue, Washington-based managing general agency (MGA) that specialises on commercial lines, personal lines and transportation business. The transaction reportedly closed on December 31, 2024. Terms of the transaction were not disclosed. From ... Read the full article
Amwins 2025 Outlook: Cyber insurance pricing set to decline by 5% as competition intensifies
27th December 2024
Amwins, a distributor of specialty insurance solutions, has published its 2025 Outlook: State of the Market Report, providing valuable insights into the shifting dynamics of the cyber insurance landscape. The cyber insurance market is facing increasing competition and shifting risk profiles, as highlighted in Amwins’ report. Pricing trends show a notable change, ... Read the full article
Property sees signs of softening, but remains fragile: Amwins
13th December 2024
The property market remains in a delicate state, although a general softening trend is evident, Amwins’ analysts have stated in its latest State of the Market Report This year has seen a series of significant weather events, with Hurricanes Helene and Milton causing substantial property damage. Helene, primarily an inland flood ... Read the full article
Ben Sloop to succeed James Drinkwater as Amwins Group President
10th December 2024
Global specialty insurance provider Amwins Group, has announced the appointment of Ben Sloop as President, effective January 1, 2025. He will be taking over the role from James Drinkwater who will transition into the role of Vice Chair of Amwins while remaining active as Executive Chairman of Amwins Global Risks, continuing ... Read the full article
Amwins and Floodbase launch parametric flood insurance for Californian municipalities
8th October 2024
Amwins, a London-domiciled global speciality distributor, in partnership with insurtech Floodbase, has launched a municipal flood insurance program, designed to insure California municipalities against previously uncovered losses due to atmospheric river flooding. California’s public sector has been largely unprotected from damages caused by atmospheric rivers, which annually on average cost the ... Read the full article
Amwins Global Risks bolsters leadership team, Nick Abraham to lead as CEO
18th September 2024
The London-domiciled global speciality distributor Amwins, has named Nick Abraham to succeed Nathan Mathis as Chief Executive Officer of its specialty distributor, Amwins Global Risks effective January 1st, 2025. Mathis, who has served in several leadership roles in London for six years, including three as CEO, will rejoin the US-based leadership ... Read the full article
New carrier to provide insurance solutions for Amwins SRU’s Excess D&O program
17th September 2024
Amwins Special Risk Underwriters (SRU) has enhanced its Excess D&O offering with the addition of a new carrier that holds a dedicated focus on Excess D&O specialty programs. The new carrier is recognized as a major specialty insurer, rated "A+" (Superior) by A.M. Best, that underwrites innovative D&O solutions on a ... Read the full article
Amwins takes 8-person Equinox reinsurance broker team & accounts from Price Forbes Re
9th September 2024
Insurance origination and distribution specialist Amwins is expanding its reinsurance broking capabilities, with the latest being the move of part of the Equinox Re team from Price Forbes Re to the company, including Nick Foden-Pattinson and Jeremy Brasier, along with their accounts, Reinsurance News can reveal. In total, 8 brokers are ... Read the full article
Amwins launches flood insurance to protect US golf courses from revenue loss
14th August 2024
Amwins, a distributor of specialty insurance products and services, has launched the "Tees-to-Green" flood insurance programme in partnership with Floodbase and supported by highly-rated carriers. This programme is designed to cover US golf courses for revenue loss and repair costs due to flooding, addressing a critical gap in current flood insurance ... Read the full article
Shifting property market leads to rise in use of facultative reinsurance, Amwins
24th June 2024
A recent analysis by Amwins has highlighted how the property insurance market is undergoing continuous changes, which is gradually leading to a considerable rise in the use of facultative reinsurance. According to the firm, trends in facultative reinsurance are following those in the excess and surplus (E&S) market, with market softening ... Read the full article
Global trends & promising outlook for MGA & MGU revenues in 2023: Insuramore
14th June 2024
Managing General Agents (MGAs), Managing General Underwriters (MGUs), and cover-holder groups have amassed approximately USD 23.9 billion in revenues worldwide in 2023, according to a recent report by industry analysis firm Insuramore. The bulk of this revenue, ranging between 70% and 75%, stemmed from direct commercial P&C insurance, while the remaining ... Read the full article
Increased Builders Risk insurance capacity drives competitive T&C: Amwins
12th June 2024
Amwins has released its State of the Market: A Focus on Builders Risk report, highlighting a notable shift in market dynamics from the previous year, characterised by increased capacity helping to drive more competitive terms and conditions. The rise in capacity is fueled by both new market entrants and existing players ... Read the full article
Amwins forms National Transportation Underwriters to enhance services
7th May 2024
Amwins, a global distributor of specialty insurance products and services, has announced the merger of its Amwins Transportation Underwriters and National Truck Underwriting Managers teams to create a unified entity, Amwins National Transportation Underwriters (ANTU). As a single operating company, ANTU is equipped to provide clients with nationwide access to nearly ... Read the full article
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
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