American Wholesale Insurance Group (AmWINS), the Charlotte, N.C.-based independent wholesale insurance broker, has formed a new specialty team to focus exclusively on management and professional liability products.
Called Financial Risk Specialist Team (FIRST), the unit is being led by Bill Dixon and Glen Bailey, each of whom brings approximately 20 years of experience in underwriting and broking professional and management liability products such as Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability, Crime, Kidnap/Ransom & Extortion, Professional and Miscellaneous E&O Liability.
“Business practices in every industry are under increasing scrutiny,” comments Steven DeCarlo, president and chief executive officer of AmWINS. “As a result, companies must be much more aggressive and proactive relative to corporate governance and managing executive and professional liability.”
Historically, companies, whether public or private, have been subject to the standards of securities, pension and employment laws. However, corporate scandals over the past five years have heightened the scrutiny and led to higher standards, Decarlo maintained.
“These exposures demand tailor-made solutions, entrepreneurial products, innovative risk management services and being incredibly responsive to customer needs and requests,” DeCarlo continued.
American Wholesale Insurance Group (www.amwins.com) is a wholesale insurance organization dedicated to serving retail agents throughout the United States by providing property & casualty, group life and health, program administration services, and actuarial services capabilities. The company is ranked by Business Insurance magazine as third largest wholesale insurance broker in the United States.