Wholesale broker AmWINS Group Inc. has launched a fifth division, AmWINS Access, which is dedicated to small account binding authority business.
In conjunction with the launch of this new division, offices of Gresham & Associates and Bliss & Glennon – which were acquired by AmWINS in December 2012 and December 2013, respectively – will officially be rebranded to either AmWINS Access or AmWINS Brokerage, the firm’s property/casualty brokerage division.
AmWINS Access is comprised of teams dedicated to writing small accounts – most of which typically fit into binding authorities. There are currently 21 offices with dedicated binding authority teams, made up of roughly 73 underwriters and 300 total employees. The division has more than 20 market contracts.
The operations that are combining to form AmWINS Access collectively place more than 90,000 accounts annually with less than $10,000 in premium, totaling nearly $300 million in premium, according to the firm.
“The goal of the change is not to separate, but rather to highlight and identify our binding authority capabilities for our retail clients and markets,” said M. Steven DeCarlo, CEO of AmWINS. “We are making significant investments in the way we manage small business. Recognizing that small accounts are inherently different, we’re serious about building this expertise and pairing it with technology to make doing business easier.”
The new division will be led by Bob Abramson, executive director; Ben Sloop, president; and Tony Gresham, chief operating officer. Also in key leadership roles will be Corinne Jones, executive vice president, Operations and Jackie Marler, executive vice president, Underwriting.
According to Sloop, the vision is for AmWINS to become a national leader in small account distribution.
“We have just scratched the surface of what the overall AmWINS platform can bring to our retail clients and carrier partners,” he said.
AmWINS Group, Inc. is a wholesale distributor of specialty insurance products in the United States. It serves retail insurance agents by providing property and casualty products, group insurance programs and administrative services. Based in Charlotte, N.C., the company operates through more than 100 locations around the world and handles premium placements in excess of $10.2 billion dollars annually.
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