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.
Topics Mergers & Acquisitions Agencies
Was this article valuable?
Here are more articles you may enjoy.
Georgia Appeals Court Reverses $345M Judgment Against Insurers in School Sex Abuse 
Indiana Church Not Owed Replacement-Cost Payment for Fire Damage 
CRC Group CEO on Casualty: ‘It’s More About the Coverage’ Than Price 
Georgia Teacher Killed When Toilet Paper Prank by Students Goes Wrong 
