Reinsurance News


Core Specialty named carrier for AmWINS’ (APU) Long-Term Care Facilities program

3rd December 2020

Recently launched specialty insurance carrier, Core Specialty Insurance Holdings, Inc., has partnered with AmWINS Program Underwriters (APU) to provide insurance solutions for APU's Long-Term Care Facilities program, effective January 1st, 2021. The Long-Term Care Facilities program's primary lines of business are professional and general liability, primary and excess. An announcement on the ... Read the full article

AmWINS to acquire Bermuda broker ISBL

1st December 2020

AmWINS Group has announced plans to acquire International Specialty Brokers Limited (ISBL), a Bermuda-based P&C wholesale insurance and reinsurance broker. Following the takeover, ISBL will join AmWINS Brokerage and become AmWINS Bermuda from January 1, 2021. AmWINS believes the acquisition will enhance its access to the international market, while complementing the existing ... Read the full article

Lloyd’s syndicate Ki binds first risk with AmWINS’ THB

30th November 2020

Ki, the fully digital and algorithmically-driven Lloyd’s of London syndicate, has revealed that it has now bound its first risk with THB, the international broking arm of AmWINS Group, Inc. The risk was bound by the Brit and Google Cloud backed Ki on its fully-aligned Lloyd's Syndicate 1618, with Ki's line ... Read the full article

Insurance market capitalisation reaches $694.3bn: AmWins

4th November 2020

AmWINS Group has released a report that explores the state of the property market and how it is becoming more dire as hardening continues, despite the COVID-19 pandemic. Although there are some areas of exception, the overall market capitalisation is robust, having reached a 20-year high of $694.3 billion (up 0.5%) ... Read the full article

AmWINS appoints new Board Director

6th August 2020

Global distributor of insurance products, AmWINS has announced the appointment of Valerie G. Brown to its board of directors. Most recently, Brown has been serving as executive chairman for Advisor Group. During her time with the company, she had strengthened its management which resulted in assets growing from $160 billion to $270 ... Read the full article

TransRe & AmWINS back launch of new ILS manager Integral

3rd July 2020

TransRe and AmWins have been confirmed as backers for the launch of Integral ILS Ltd., a new Bermuda based insurance-linked securities (ILS) fund manager. Representatives from Integral informed our ILS-focused sister publication, Artemis, that the company has launched but remains in the early stages of development. The fund manager is preparing ... Read the full article

AmWINS Program Underwriters forms new carrier partnership

23rd June 2020

AmWINS Program Underwriters (APU) has announced a new carrier partnership that is expected to result in multiple program enhancements to APU offerings. Specifically, the partnership will provide insurance solutions APU’s Metal & Plastics, Natural Gas Distributors, Trailer & Work Truck Manufacturers and Water Well Contractors programs, effective May 1st. The new carrier ... Read the full article

Re/insurers face “profound” impact as COVID-19 lifts pricing: AmWINS

16th June 2020

In a report looking at the affects of COVID-19 on the re/insurance industry, analysts at specialty insurer AmWINS have warned that “the loss impact on the market will be profound.” In May, Lloyd’s of London reported that it will pay between $3 billion and $4.3 billion as a result of the ... Read the full article

AmWINS launches umbrella program for silent cyber

15th May 2020

Specialty insurer AmWINS has announced the launch of a Cyber Umbrella Program designed to fill gaps in coverage resulting from silent cyber incidents. The program, called CyberUP, is focused on middle market accounts and offers lead umbrella position over primary coverages in all instances. “Until now, the insurance marketplace has only responded ... Read the full article

Matthew Crane named CEO of THB Group & President of Intl. for AmWINS

5th May 2020

Specialist insurance and reinsurance broker THB has named Matthew Crane as Chief Executive Officer (CEO) of THB Group and President of the International division of AmWINS Group, Inc. Crane takes over from Frank Murphy, who has served as CEO of THB Group since 2009 and who is in his 45th year ... Read the full article

COVID-19 will make challenging Lloyd’s conditions more difficult: AmWINS

8th April 2020

Analysts at AmWINS have suggested that the coronavirus (COVID-19) pandemic has and will continue to make already-challenging market conditions at Lloyd’s of London even more difficult. The firm acknowledged that Lloyd’s and its syndicates had extensively tested their systems in preparation for a crisis, and said that the transition to remote ... Read the full article

AmWINS adds Mark Bernacki to leadership team

24th March 2020

Specialty insurer AmWINS has announced the appointment of Mark Bernacki as President of AmWINS Special Risk Underwriters (SRU) and Executive Vice President of AmWINS Group, effective March 30, 2020. In this role, Bernacki will drive strategy and build capacity for SRU, which underwrites risks on behalf of domestic and international carriers. Also, ... Read the full article

AmWINS appoints Matthew Crane as CEO of THB Group

3rd February 2020

Specialty insurer AmWINS has announced the appointment of Matthew Crane as Chief Executive Officer (CEO) of THB Group, its specialist international re/insurance broking and risk management firm. Crane, who will also take up the role of President of the International division of AmWINS, succeeds outgoing CEO Frank Murphy. Murphy has served as ... Read the full article

Swiss Re’s Alex Kaplan joins AmWINS as EVP for Alternative Risk

5th November 2019

Specialty insurer AmWINS Group, Inc. has announced the appointment of Alex Kaplan from reinsurer Swiss Re as Executive Vice President (EVP) for Alternative Risk. The appointment sees Kaplan lead a new strategy focused on the development of parametric insurance solutions and other bespoke forms of protection, on a stand-alone basis and ... Read the full article

Moody’s upgrades AmWINS ratings, outlook stable

28th October 2019

Moody’s Investors Service has upgraded the corporate family rating and first-lien credit facility ratings of AmWINS Group, Inc. and changed its ratings outlook from positive to stable. The corporate family rating was changed from B2 to B1, based on the company’s strong credit metrics, while the first-line credit facility ratings moved ... Read the full article