AmWINS News

Getting a Grip on Ridesharing Coverage

Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation, and start-up ridesharing companies have been cropping up everywhere trying to ride the heels of the success experienced …

AmWINS Completes Acquisition of Bliss & Glennon and eReinsure

AmWINS Group Inc. completed its acquisition of Bliss & Glennon and eReinsure. AmWINS signed an agreement to acquire the firms from Fortegra Financial Corp. on Dec. 2. Terms were not disclosed. Bliss & Glennon is an excess and surplus lines …

AmWINS Group Seeks $175M Acquisition Loan

North Carolina-based wholesale brokerage AmWINS Group Inc. is seeking a $175 million add-on term loan for an acquisition. The insurance broker owned by private-equity firm New Mountain Capital LLC may pay interest at 3.75 percentage points more than the London …

Mills of Willis Joins AmWINS Workers’ Compensation Unit, American Equity

Andrea Mills has joined American Equity Underwriters (AEU) in Mobile, Alabama as senior vice president and director of Strategic Business Development. AEU is a division of wholesale broker AmWINS Group, based in Charlotte, North Carolina. AEU specializes in workers’ compensation …

Shestack to Lead New AmWINS Voluntary Benefits Practice

Wholesale insurance broker AmWINS Group Benefits has opened a voluntary benefits division to offer supplemental benefits to benefit professionals and their clients including life, dental, vision, accident, short-term disability, critical illness, cancer and medical gap insurance. The Voluntary Benefits Practice …

Gene Eisenmann, Excess and Surplus Lines Industry Leader, Passes

Gene Eisenmann, a leader in the excess and surplus lines industry in Texas and nationally, has passed away after a long battle with a host of illnesses, his family by his side. A giant of E&S lines, Eisenmann built companies, …

AmWins Group to Acquire Georgia-Based Gresham & Associates

AmWINS Group Inc. — the largest wholesale insurance brokerage in the U.S. by premiums placed — announced that it reached a definitive agreement to acquire Gresham & Associates Inc. Gresham & Associates is a Stockbridge, Georgia-based wholesale insurance broker. The …

AmWINS Forms Managing General Underwriter with Former Rockhill Execs

North Carolina-based insurance wholesaler AmWINS Group Inc. said it has partnered with two insurance industry executives, Terry Younghanz and Richard Parks, to form a new managing general underwriter (MGU) focused on specialty insurance products. Based in Kansas City, the MGU …

AmWINS Buys Wisconsin School Insurance Broker, Smic

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 …

Wholesale Broker AmWINS Agrees to $1.3 Billion Recapitalization with New Mountain

Wholesale insurance broker AmWINS Group Inc. announced today that its management and employee shareholders have agreed on a $1.3 billion recapitalization with private equity firm New Mountain Capital of New York. Other terms of the transaction were not disclosed. “This …