AmWINS Group Inc. has reached a definitive agreement with Fortegra Financial Corp. to acquire Bliss & Glennon, an excess and surplus lines wholesale insurance broker and managing general agency in California, and eReinsure, an online platform for managing the placement of facultative reinsurance.
The acquisition is expected to close within 30 days following standard regulatory approval.
Bliss & Glennon was founded in 1965, and has offices in California and six other states.
Salt Lake City, Utah-based eReinsure provides Internet-based technology solutions for managing reinsurance transactions including the negotiation and placing process, data management and analysis, compliance, integration and automation. The company also has offices in New York City and London.
Following the close of this deal AmWINS will employ more than 3,200 employees in 108 offices across 17 countries, including 78 in the United States. The firm will handle more than $9.5 billion in premium across four divisions – brokerage, underwriting, group benefits and international.
AmWINS is a specialty distributor of insurance products and services. The firm is headquartered in Charlotte, N.C.
Topics Mergers & Acquisitions California
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