Specialty insurance product distributor AmWINS Group has made a fast start to the New Year by announcing a major swoop.
The firm has reached a definitive agreement for Seacoast Brokers, a South Carolina based personal lines specialty MGA, as well as Trident Claims Management, a third party claims administrator which manages claims on all Seacoast-issued policies.
“The addition of Seacoast to our AmWINS Access division significantly increases our personal lines products and services,” said M. Steven DeCarlo, CEO of AmWINS. “Seacoast’s history of offering innovative products and superior customer service mirrors our commitment to providing industry-leading solutions for our retail clients and carrier partners.”
Seacoast offers homeowners’ products to insurance agents who cover residential properties primarily for seasonal, secondary or investment use and that may be located in catastrophe-prone or resort-oriented communities. It partners with insurance companies that specialize in catastrophe property products.
“We are excited to join the AmWINS family, and we are looking forward to expanding our geographic footprint by offering our products, services and technology solutions to AmWINS’ retail clients across the US,” said Brian Hover, president of Seacoast. “Our clients will now have access to all of AmWINS’ products, including its proprietary product offerings. Our employees will also benefit from the stability and support that comes with joining such an established and respected team.”
David Lavins, the senior vice president at AmWINS Group, added that Trident would also “significantly expand our services by adding claims administration capabilities.” Terms of the transaction were not disclosed.
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