Reinsurance News

AmWINS

Property market sufficiently capitalised entering Q3: Amwins

19th August 2021

As we enter the third quarter of 2021 there remains sufficient capacity in the property market, with availability dependent on risk perception and rate, says Harry Tucker, Amwins' National Property Practice Leader. Commenting in a recent Amwins state of the market report, Tucker underlined how E&S carriers have become more willing ... Read the full article

Amwins acquires National Truck Underwriting Managers

5th August 2021

Amwins has acquired National Truck Underwriting Managers (NTUM), a truck insurance wholesaler offering access to primary liability, physical damage and motor truck cargo package policies. NTUM will join Amwins' Underwriting Division, and compliment the services of Amwins Transportation Underwriters and working in conjunction with trucking industry specialists within the firm's Brokerage ... Read the full article

Amwins acquires Maryland-based General Agent, MTDA

9th June 2021

Amwins has announced the acquisition of CBIZ M.T. Donahoe & Associates, LLC, (MTDA), which will join its Group Benefits division, further complementing the services of Amwins Connect Administrators. MTDA is a Maryland-based general agent focused on employee and individual benefits and services. Following the acquisition, of which the terms were not disclosed, ... Read the full article

Amwins Global Risks adds senior brokers to London, Amsterdam offices

2nd June 2021

Specialist re/insurance broking and risk management firm Amwins Global has announced the appointment of senior brokers Phil Johnson and Mark Ritson to its London office and Ewoud Dekker within its Amsterdam team. Johnson joins from Miller Insurance Services, where he served as head of international casualty. In his new role, Johnson will ... Read the full article

Amwins American Equity appoints Hapworth to CEO role

20th May 2021

Amwins subsidiary The American Equity Underwriters has appointed Adele Hapworth to succeed Michael Lapeyrouse as the company's Chief Executive Officer. Lapeyrouse will assume the role of Chairman for AEU. Hapworth joined AEU in 2007 and has served in leadership roles including Director of Product Development, Executive Vice President and Chief Operating Officer. Lapeyrouse ... Read the full article

Amwins signs agreement to acquire Equisure

4th May 2021

Amwins Group, the independent wholesale distributor of specialty insurance products in the US, has signed a definitive agreement to acquire Equisure, an insurer for equine and canine risks. The transaction is expected to close later this month and will further position Amwins as a diversified specialty distribution firm. Scott Purviance, Chief Executive ... Read the full article

Trinity Underwriting forms carrier partnership with Obsidian

21st April 2021

Amwins Underwriting-owned Trinity Underwriting Managers has announced a new carrier partnership with Obsidian. The partnership will look to enhance Trinity Underwriting’s automotive liability product offerings, including solutions for towing, automotive repossession, sand and gravel, paratransit and intermodal trucking businesses. "The automotive industry has faced volatility and a myriad of complex challenges, leaving ... Read the full article

Amwins acquires Worldwide Facilities

6th April 2021

Amwins Group, the independent wholesale distributor of specialty insurance products in the US, has completed the acquisition of broker Worldwide Facilities. Worldwide is set to compliment Amwins' brokerage, binding authority, underwriting and group benefits capabilities and growth strategy. The acquisition will also strengthen Amwins' casualty and professional lines capabilities, specifically around Construction, ... Read the full article

Amwins Specialty expands into Canadian market

24th March 2021

Specialty Managing General Agency, Amwins Specialty Logistics Underwriters (ASLU), has expanded into the Canadian market to serve Canada's growing logistics industry. Launched in the United States in 2018, ASLU delivers coverage solutions for freight forwarders and third-party logistics operators. As a Lloyd's coverholder, ASLU's expansion into Canada can offer retailers instant coverage ... Read the full article

AmWINS Program Underwriters launches alarm contractors solution

19th March 2021

AmWINS Program Underwriters, a managing general agency within the underwriting division of AmWINS, has developed a new insurance solution dedicated to alarm contractors offering clients access to ongoing service and claim support, as well as expertise across the specialty insurance space. The solution includes commercial general liability, professional liability, property and ... Read the full article

Integral ILS partners with Amwins & Core Specialty on new US property program

18th March 2021

Independent insurance-linked securities (ILS) fund manager, Integral ILS Ltd., has launched a new U.S. property insurance program with risks underwritten by Amwins and policies issued via subsidiaries of Core Specialty Insurance Holdings, Inc. Integral is set to assume U.S. catastrophe risk originated from Amwins' MGAs, including Amwins Access, Seacoast Brokers, Special ... Read the full article

Casualty hard market to persist in upcoming quarters: Amwins

11th March 2021

Amwins has explored the state of the casualty market in the first quarter of 2021, which it says shows similar trends to the end of 2020 with both attritional losses and nuclear verdicts continuing to drive pricing increases. National Casualty Practice Leader Tom Dillon claims that the key difference in the ... Read the full article

Amwins bolsters US presence with Worldwide Facilities takeover

5th March 2021

Amwins Group, Inc., the global distributor of specialty insurance solutions and services, has entered into a definitive agreement to acquire the fourth-largest U.S. wholesale brokerage, Worldwide Facilities. Scheduled to close in April of this year, the acquisition stands to bolster Amwins' presence in the U.S. and reinforce its position as a ... Read the full article

THB to retain brand name amid LatAm expansion

23rd February 2021

Specialist re/insurance broker THB has announced that it will retain its brand name in Latin American (LatAm) regions following the renaming of its UK expansion operation to Amwins Global Risks. As part of its expansion, THB LatAm is planning to grow on a regional basis and to facilitate this approach the ... Read the full article

THB rebrands to Amwins Global Risks

22nd February 2021

Amwins Group, Inc., the independent wholesale distributor of specialty insurance products in the U.S., has announced the rebranding of THB to Amwins Global Risks. THB is Amwins' international broking arm based in London, which joined the company in 2012. Since then, THB has doubled its annual premium placed to more than ... Read the full article