Amwins' property specialists collaborate on risks and draw on our global network to deliver unmatched insurance solutions to our clients.
Amwins' property specialists collaborate on risks and draw on our global network to deliver unmatched insurance solutions to our clients.
Placing more than 97,000 property accounts through 425 markets each year, we stay on top of property market conditions and industry trends to find solutions for your clients' most challenging risks, including catastrophe-exposed. When you tap into our network of property specialists, you get 800+ industry-fluent professionals who collaborate on risks to provide custom insurance solutions.
As the nation’s leading wholesale broker, relationships are our strength. To meet your clients' evolving needs, we put our market relationships and clout to work to continuously develop proprietary products — even in hard market conditions. By delivering exclusive capacity, these products give you a distinct advantage over your competitors.
dedicated professionals
annual premium placements
property markets we place business with
Amwins Special Risk Underwriters (SRU) offers CAT-exposed property capacity as well as supplemental products like builder’s risk, earthquake, wind and AOP deductible buyback. SRU continues to lead in developing exclusive capacity and delivering long-term solutions for our clients.
Amwins Underwriting's CoverCap offers a full-limit E&S property solution for non-CAT accounts <$50M TIV. This product focuses on low to moderate fire and convective-storm driven commercial property accounts.
Amwins' property insurance expertise extends into catastrophe-driven accounts. Our in-house actuarial team licenses robust, cutting-edge software to deliver catastrophe risk data analysis that helps determine the most accurate pricing.
From designing a proactive claims management plan to engaging on difficult and complex claims, Amwins supports our clients when they need us the most.
We collaborate with you to deliver solutions based on specific coverage needs — tapping into our specialization model to craft the right approach.
After Superstorm Sandy hit the Mid-Atlantic states in 2012, thousands of businesses were forced to close and remained shut down for weeks or even months. While the claim payments that follow a catastrophic event like Sandy certainly help repair property
damage, business owners also continue to face monetary obligations and financial hardships further amplified by an interrupted business income stream.
Regardless of the size or scope of a business, a loss can have a devastating impact on a business owner beyond direct damage to the property or contents – a loss can leave an organization with bills and payroll but no revenue stream.
Business interruption (BI) coverage is a well-known coverage that allows businesses to recover revenue lost as a result of a direct physical loss or property damage. While general property insurance provides protection for physical loss or damage
to the property, business interruption insurance covers financial damages that result from an interrupted income flow.
Example: The devastation from the earthquake and resulting tsunami that swept across parts of Japan in March 2011 triggered a substantial number of BI and CBI claims from American manufacturers. Supply and distribution chains stalled or shut down entirely because the Japanese companies they relied on for parts, products or services were no longer operational, and were not operational for an extended period of time.
Example: After Hurricane Katrina, much of the Gulf Coast was left devastated as millions lost their homes – entire communities and many businesses were wiped out. People left the area completely and thousands of small businesses were unable to reopen after the loss due to the absence of clientele, which in turn also caused their previous suppliers a loss as well. Additionally, for many businesses that were rebuilt and re-opened, their loss of income stretched far beyond the standard period of indemnity due to a diminishing customer base or new competition. This type of loss can be mitigated with an extended period of indemnity clause, which allows the business a longer duration of time to regain their position in the market.
A retail chain with stores located in major cities in the Northeast and Midwest had been insured in the admitted market for years. The account was non-renewed due to $5M+ of losses from riot claims occurring at multiple locations on the same day.
Susceptible to similar risks going forward, Amwins worked with our carrier partners to deliver a solution that met the client’s needs by providing protection for their stores and inventory. While most carriers wanted to exclude strikes, riots, and civil commotion coverage altogether, we were able to implement innovative deductibles and structures that supplied the needed coverage.