Specialty broker Amwins Group said it has agreed to acquire Equisure, Inc., a Colorado-based specialist in insurance programs for horse and dog owners, trainers and organizations.
Equisure provides professional liability, general liability, and directors and officers liability for equine and canine clubs, associations and organizations. It also provides horse mortality/major medical, crime and additional coverages to meet the needs of horse and dog owners, trainers, clubs and shows.
Terms were not disclosed. Amwins expects the deal to close later this month.
“The addition of Equisure will extend our underwriting division’s capabilities to a new, highly specialized segment of the market,” said Scott M. Purviance, chief executive of Amwins.
Among Eqisure’s current partners are American Kennel Club, American Riding Instructors Association, Arabian Horse Association, Intercollegiate Horse Show Association, and US Equestrian.
Diane Lesher, president of Equisure, said the deal will expand Equisure’s reach to more customers and markets.
Amwins offers more than 60 in-house programs and underwrites more than $1.7B in annual premium through its underwriting division. Based in Charlotte, N.C., the company operates through more than 125 offices globally and handles premium placements in excess of $22 billion annually.
Source: Amwins
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