Insurance broker AmWINS Group Inc. has acquired Special Markets Insurance Consultants, Inc. Smic is headquartered in Stevens Point, Wisconsin with a sales office in Chicago, Illinois.
Founded in 1985 by Nora Stransky, Smic is a niche managing general underwriter providing student accident medical, catastrophe medical, general liability and related insurance programs for elementary and secondary schools, colleges, youth groups, church groups, recreational programs and sports-related associations across the U.S.
Smic’s CEO, Kim Walker, acquired the organization in 2005 and will continue to lead the MGU along with Stransky.
Terms of the transaction were not disclosed.
M. Steven DeCarlo, CEO of AmWINS, said Smic’s product expertise fits with his firm’s specialty focus and diversification strategy.
Charlotte, N.C.-based AmWINS handles $6.7 billion in premium annually through our four divisions.