Reinsurance News
AmWINS
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
AmWINS Group to acquire specialty general agent Stealth
2nd October 2019
Global specialty insurance provider AmWINS Group is set to acquire Stealth Partner Group, an Arizona-based general agent specialising in medical stop-loss insurance. Under the terms of the agreement Stealth will combine with AmWINS subsidiary Stop Loss Insurance Services in early 2020. The move is designed to create a premier stop-loss general agency ... Read the full article
AmWINS acquires LISI, CoPower
9th August 2019
AmWINS Group, Inc. has announced that it's set to acquire LISI, Inc. and CoPower (Administrators), Inc., which will both become part of the company's Group Benefits division. LISI was founded in 1977 and is a California-based general agent with a specialist focus on medical and ancillary benefits. CoPower, a third-party administrator focused ... Read the full article
AmWINS’ Unicorn MGA names Matt Edwards lead underwriter, property specialty
13th June 2019
Unicorn Underwriting, the specialist managing general agent (MGA) of AmWINS Group, Inc. has appointed Matt Edwards as lead underwriter, property specialty, effective June 17th, 2019. In his new role, Edwards will report to Chief Executive Officer (CEO) of Unicorn and CEO of re/insurance broker THB Group, Frank Murphy. As lead underwriter of ... Read the full article
Loss creep on casualty lines hardening rates across all sectors: AmWINS
30th May 2019
The continued deterioration of loss development on casualty lines has driven market hardening to a greater degree than was originally projected, according to analysts at specialty insurer AmWINS. The group’s State of the Market report for Q2 2019 noted that firming has spread out from segments such as New York construction, ... Read the full article
Increasing rates creating deeper, broader change in property market: AmWINS
28th May 2019
Global specialty insurance provider AmWINS has in a new report stated that the firming seen in the property market towards the end of 2018 and into the first quarter of 2019, has accelerated. AmWINS says adverse loss development has been a catalyst in this acceleration. Two consecutive years with combined ratios exceeding ... Read the full article
AmWINS adds Lead Underwriter for Property Specialty at Unicorn Underwriting
24th May 2019
Global specialty insurance provider AmWINS has announced the appointment of Matt Edwards as Lead Underwriter for Property Specialty in its London-based MGA Unicorn Underwriting. He will lead a fourth division of Unicorn, Unicorn Property Specialty, and will focus on writing property insurance for small to medium size businesses and high value ... Read the full article