Reinsurance News
AmWINS
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
Energy market faces challenges amidst record losses and rising costs: Amwins
22nd September 2023
The energy market is grappling with a series of challenges, as record losses, rising costs, and global events continue to impact the sector, according to Amwins "State of the Market: A Focus on the Energy Market" report. Key factors driving these challenges include extended production cuts by major oil-producing nations, geopolitical ... Read the full article
Amwins appoints Munawar Ali as EVP of Product Development & Capacity
15th September 2023
Amwins, a global distributor of specialty insurance products and services, has appointed Munawar Ali to the newly created position of Executive Vice President of Product Development & Capacity. In the role Ali will be responsible for overseeing the growth of Amwins’ exclusive product development and incubation programs. He will also play a ... Read the full article
Cannabis property market unlikely to see rate decreases over next few months: Amwins
21st July 2023
The cannabis insurance market has experienced a variety of transformations and shifts in recent years. As the sector continues to develop, insurance providers are refining their offerings to meet the needs and challenges being presented. In their 'State of the Market Cannabis report', Amwins highlights that most major cannabis programs offer ... Read the full article
MSIG North America and Amwins forge strategic partnership for specialty insurance solutions
13th July 2023
MSIG North America, the US-based insurance subsidiary of MS&AD Insurance Group Holdings, has joined forces with Amwins, a global distributor of specialty insurance products and services, in a strategic partnership that promises to deliver exceptional insurance solutions to clients. The collaboration involves MSIG NA providing substantial underwriting capacity for over 20 ... Read the full article
A below average storm season to benefit re/insurers & underwriters: Amwins’ Purviance
27th June 2023
2023 is predicted to be a below average storm season in the US, which along with price increases achieved over the past several years, should benefit re/insurers and underwriters; this amid a “fatigued” market caused by a challenging last 5 years from a catastrophe loss perspective, Amwins CEO Scott Purviance ... Read the full article
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
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