Charlotte, North Carolina-based national wholesale insurance broker AmWINS Group, Inc. has acquired The Managing Agency Group- Employee Benefits, a division of insurance broker Willis HRH.
MAG-EB is a wholesale broker of employee benefit plans for small and mid-sized employer groups of 2 to 300 employees. Terms of the transaction were not disclosed.
M. Steven DeCarlo, CEO of AmWINS Group, said MAG-EB’s niche expertise and target client group complement his firm’s existing capabilities.
Founded in 1976, MAG-EB distributes and administers group dental, vision, life, and disability plans for employer groups and their employees. In addition, MAG-EB serves as a brokerage general agency of employee benefit plans for over 30 major carriers.
AmWINS operates through more than 45 offices across the United States and handles premium placements in excess of $3.4 billion annually.
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