U.S.-based global insurance distributor AmWINS Group Inc. announced it has secured backing from AA+ rated Berkshire Hathaway International Insurance Ltd. for its London-based managing general agent (MGA), Unicorn Underwriting, to write motor fleet business.
Unicorn will focus initially on specialist motor fleet business, including passenger and road transport industries based in the U.K., in addition to its existing property owners’ facility. The firm has ambitious plans and intends to add new lines of business in due course.
“We are delighted to partner with such a highly respected firm as Berkshire Hathaway International Insurance Ltd. in this new venture,” said Steve DeCarlo, CEO of Charlotte, N.C.-based AmWINS.
“AmWINS’ objective is to identify opportunities in specialist sectors where our expertise and relationships can make a genuine difference,” added DeCarlo. “We are now ideally placed to make just such a difference in this sector and look forward to announcing further underwriting team developments in due course.”
Source: AmWINS Group