Reinsurance News
AmWINS
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
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
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