AmWINS Group has reached an agreement to acquire 15 insurance programs from Willis Towers Watson. The acquisition should be completed Oct. 31.
“The programs, product expertise and underwriting talent that we are acquiring from Willis Programs will expand and diversify our underwriting division and support our long-term growth strategy to provide niche programs for our retail clients,” said AmWINS CEO M. Steven DeCarlo. “These programs will become part of AmWINS Program Underwriter, which currently underwrites 20 programs with over $150 million of premium.”
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Along with the acquired programs, a team of more than 115 program professionals will be moving to AmWINS.
“We’re pleased to welcome the team from Willis Programs to AmWINS Program Underwriters, including Debbie Stanley, Jim Kelley, Dan Curran, Bo Adams and Tim Hendrickson, who bring many years of industry experience and long-standing carrier relationships to our team,” said Ben Francavilla, president of AmWINS Program Underwriters. “We believe these programs will greatly benefit from being part of our independent distribution model.”
Terms of the deal were not disclosed.
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