AmWINS News

AmWINS, CRC and Heffernan Create Technology Alliance for Specialty Business

Wholesaler insurance brokers AmWINS and CRC, along with independent agency Heffernan Insurance Brokers, are the charter members of a new alliance to accelerate technology improvements in the brokerage, wholesale and specialty insurance segments. The new group, called the InsurConneXtions Alliance, …

The State of Surplus Lines Insurance: Busy Solving Risk Puzzles in a Complex World

Insurance professionals in the surplus lines sector are busy. Busy adapting to a changing business world during COVID-19. Busy adapting to a changing property/casualty market where standard lines insurers are steadfastly shedding undesirable accounts. Busy adapting to a market that …

Beat Capital Partners with Bain Capital to Support Lloyd’s Syndicate 4242

The London-based, insurance-focused investment firm Beat Capital Partners said it is creating a dedicated underwriting vehicle, funded by Bain Capital Credit, which will provide capital through its Syndicate 4242 to support Beat’s underwriting businesses operating in the Lloyd’s of London …

AmWINS Names QBE’s Crane to Succeed Murphy As Head of THB, International Division

Specialty insurance wholesaler AmWINS Group said that Matthew Crane will succeed Frank Murphy as chief executive officer of THB Group and president of the International division of AmWINS, effective once Crane’s existing contractual terms are met later this year. THB …

Moody’s Upgrades AmWINS Ratings

Moody’s Investors Service has upgraded the corporate family rating of wholesale broker AmWINS Group Inc. to B1 from B2 based on the company’s strong credit metrics, including a reduction in financial leverage in recent years. The rating agency also upgraded …

The Remaking of Disgrace Insurance

As co-founder and chief executive officer of the predictive analytics firm Spotted, Janet Comenos knows a lot about famous actors, artists, athletes and celebrity advertising. Her Boston startup matches companies with celebrities for endorsements and advertising. Lately Comenos has been …

AmWINS Announces New Hires, Promotions Across Country

Wholesale specialty insurance broker AmWINS Group Inc. has announced new hires and promotions to its Specialty Logistics and AmWINS Access Personal Lines and Commercial teams, as well as several new branch leaders. Herman Cruz has joined AmWINS Specialty Logistics Underwriters, …

AmWINS to Acquire The Flood Insurance Agency

Specialty insurance broker AmWINS Group has agreed to acquire The Flood Insurance Agency, a Florida-based managing general agency that specializes in private market flood insurance. Scott M. Purviance, chief executive officer of AmWINS Group, said the addition of The Flood …

AmWINS Targets Marine Insurance with Creation of 2 Specialty MGAs

Global insurance wholesale brokerage AmWINS Group has formed two specialty managing general agencies focused on the marine industry, AmWINS Specialty Logistics Underwriters (ASLU) and Sentinel Marine Underwriters (SMU). Argonaut Insurance Co. is providing the insurance capacity for both ASLU and …

Petrilli Named President of AmWINS Group’s Underwriting Division

AmWINS Group Inc., the Charlotte, N.C.-based independent wholesale distributor of specialty insurance products, announced that Robert “Bob” Petrilli has been named president of the firm’s underwriting division, effective immediately. AmWINS’ underwriting division offers a variety of P/C programs for specific …