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Special Section Sponsored by Target Markets Program Administrators Association AmWINS Group, Inc., Specialty Underwriting Division Headquartered in Charlotte, North Carolina, AmWINS Group, Inc., provides a diversified portfolio of products and capabilities through four core divisions—Brokerage, Specialty Underwriting, Group Benefits and Access. Founded in 2001, AmWINS has grown through both organic growth and acquisitions. The company’s aggressive acquisition efforts over the past several years have accelerated it to a position as one of the largest wholesale insurance brokers in the United States with over 35 office locations and more than 1,000 employees nationwide. AmWINS’ Specialty Underwriting division consists of six leading companies and multiple binding authorities spread throughout the country. The division consistently meets the needs of retail agents looking for specific industry coverages, as well as carriers looking to put new programs in place that require a partner with impeccable underwriting credentials and knowledge of key industry niches. AmWINS Group, Inc., employs more than 100 people in its Specialty Underwriting division. According to Division President Scott Reynolds, the division now exceeds $300 million in premium and is working with approximately 30 programs and 20 different carriers— primarily excess & surplus carriers. Each company in the division has a highly focused expertise in a specific industry niche. The six companies are: • Americana Program Underwriters, Inc. - An MGA specializing in affinity and program management, administering over 20 programs generating in excess of $120 million in premium. • The American Equity Underwriters, Inc. (AEU) - A program manager specializing in coverage for maritime employers. • AmWINS Special Risk Underwriters, LLC - A highly focused niche property facility that specializes in finding solutions for the underserved middle market E&S property business. • Seaboard Underwriters, Inc. - Provides leading-edge insurance solutions for the commercial automobile and trucking industries. • Specialty Programs & Facilities Managers, Inc. (SPFM) - Specializes in administering insurance programs for property owners and managers of residential and commercial real estate in California, Arizona and Nevada. • Woodus K. Humphrey & Co., Inc. - An MGA that provides innovative insurance solutions for woodworking clients. Reynolds emphasizes his division’s focus on new program development. “We recently introduced a program for beer and wine wholesalers; we also now have a financial product designed to protect lenders when borrowers default on their loans,” he explains. “Clearly, we’re growing not only through acquisitions, but also through constant emphasis on diversifying our program portfolio.” Especially significant in AmWINS’ recent growth acceleration is the acquisition of The American Equity Underwriters, Inc. (AEU). That transaction was completed in June of 2007. Formed in 1985, AEU specializes in the following maritime coverages: • United States Longshore and Harbor Workers’ Compensation (USL&H) • State Act Workers’ Compensation and Employers Liability Insurance • Specific Excess USL&H • Marine General Liabilities Insurance A strong complement to the existing underwriting talent in the Specialty Underwriting division, AEU now represents the single largest program underwritten by AmWINS. AEU President and CEO Mike Lapeyrouse, who has been with the company since its inception, explains, “Being part of the AmWINS organization is an exciting opportunity. It not only allows us to have a broad distribution, but also to supply a unique, new product to AmWINS’ current retail agents. Along those same lines, we are now able to provide a broader array of products to our current customers.” Target Markets is a professional organization that provides the industry with a forum to build partnerships and create business opportunities. Learn more about AmWINS and its divisions at www.amwins.com. → |
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