Reinsurance News
AmWINS
Industry should “absolutely” move to less model dependency, says Amwins’ Bernacki
24th January 2023
Given the continued ‘model miss’ of the recent catastrophes, Mark Bernacki, Chief Underwriting Officer of Amwins, has suggested that the industry should “absolutely” move to less model dependency. In his interview with Reinsurance News, Bernacki gave a definitive “yes”, when asked whether it was time to move on, citing the increased ... Read the full article
There’s reasons to be upbeat & positive on the MGA space, says Amwins’ Bernacki
17th January 2023
In an interview with Reinsurance News, Mark Bernacki, Chief Underwriting Officer of Amwins, suggested that he remains very upbeat and positive on the MGA/MGU world despite assessing that valuation expectations will trend down in 2023. Bernacki noted that the downward trend will be driven by a variety of factors. First noting ... Read the full article
Amwins appoints Jennifer Nuest as transportation practice leader
6th December 2022
Amwins, a global distributor of specialty insurance products and services, has announced the appointment of Jennifer Nuest to the newly created position of transportation practice leader. Nuest has over a decade of transportation insurance industry experience and joins from the carrier, retailer and insurtech startup, Nirvana Insurance. Her skills include business ... Read the full article
Amwins acquires wholesale business from Franklin Street
30th November 2022
Amwins, a global distributor of specialty insurance products and services, has purchased Arena Special Risks' wholesale business from commercial real estate and retail insurance firm Franklin Street. Both Amwins and Franklin Street have a long-standing relationship and both company’s recognise the exciting growth opportunity that exists for this wholesale property business on a ... Read the full article
Amwins gets exceptional delegated authority scores from AM Best
4th October 2022
AM Best has assigned its highest Performance Assessment of PA-1 (Exceptional) to a group of seven delegated underwriting authority enterprises (DUAEs) of the Amwins Group, with a stable outlook. Launched this year, AM Best's performance assessment for DUAEs looks at underwriting capabilities, governance and internal controls, financial condition, organizational talent and ... Read the full article
Cowbell launches its product on Amwins’ Professional Lines portal
3rd August 2022
Cowbell Cyber, a cyber insurance provider for small and medium enterprises (SMEs) has been selected by Amwins, an independent wholesale distributor of specialty insurance and services, as trusted digital partner for cyber insurance. According to the announcement, the partnership delivers on the promise of leveraging technology to automate cyber insurance applications ... Read the full article
Amwins Launches wildfire products for California residential properties
20th July 2022
Amwins Access, a binding and brokerage platform for the P&C industry, has announced the launch of two excess wildfire products for residential properties in California. The products, which were designed to complement a self-insured retention plan, were written in partnership with an AM Best. California is home to the largest ... Read the full article
Amwins & FusionMGA to provide retail brokers with access to cyber liability coverage
1st July 2022
Global distributor of specialty insurance products and services, Amwins, has announced a new partnership with FusionMGA. The partnership between the two companies will provide retail brokers with exclusive access to cyber liability coverage for accounts without minimum cyber security controls in place. At the same time, the partnership will also give retail ... Read the full article
Climate change an increasing issue in reinsurance pricing: Amwins
25th April 2022
Ongoing climate change is set to factor into pricing thinking for property reinsurers, inhibiting pricing reductions in the near term. That is the message from Jessica Zuiker, assistant national property practice leader with Amwins Group, alongside Rich DiClemente, president of Amwins Re. The pair pointed to last year’s losses due to ... Read the full article
2022 will likely be an underwriters market: Amwins
22nd April 2022
According to specialty insurance wholesaler Amwins, it’s likely that it will continue to be an underwriter’s market with limited capacity, increased rate conditions, and little tolerance for sub-par controls through 2022 and likely beyond. “The best thing agents and brokers can do for their clients is to think like an underwriter ... Read the full article
Hard market becoming increasingly risky and challenging for insurers: Amwins
12th April 2022
Specialty insurance wholesaler, Amwins has stated that the insurance industry continues to navigate the domestic and international challenges of the toughest market conditions most have ever seen. As the industry entered into the second quarter of 2022, the broker expected to see more of a “slowdown” of the hard market conditions, ... Read the full article
D&O remains challenging for pricing and capacity: Amwins
4th April 2022
According to specialty insurance broker Amwins, the Directors and Officers (D&O) market remains in a holding pattern with 5% to 10% price increases as the world continues to experience economic uncertainty in the aftermath of the pandemic. The D&O market for Initial Public Offerings (IPO) and Special Purpose Acquisition Companies (SPAC) ... Read the full article
Amwins Special Risk Underwriters partners with Obsidian
23rd March 2022
Amwins Special Risk Underwriters (SRU) has partnered with Obsidian, a hybrid fronting program carrier, which delivers primary commercial auto solutions for established fleets, marking SRU's expansion beyond the property and management liability products, focusing on underserved mid-fleet trucking accounts. SRU has built a business on providing quality underwriting programs exclusively for ... Read the full article
Amwins Brokerage names two new presidents
6th January 2022
Amwins has appointed Sam Baig and Jeff McNatt as presidents of Amwins Brokerage, succeeding James Drinkwater who has served as president of the Brokerage division since 2008. Drinkwater was also named president of Amwins Group in 2018 and will now directly focus on his roles as president of Amwins and executive ... Read the full article
Amwins Global Risks hands Nate Mathis permanent CEO role
8th December 2021
Amwins Global Risks, the international arm of global specialty insurance broker Amwins, has appointed Nate Mathis as its new Chief Executive Officer (CEO). Mathis was appointed as interim CEO in September after three years as Chief Operating Officer (COO). In his new role, he will oversee its London business that represents ... Read the full article
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