American Wholesale Insurance Group Completes Strategic Acquisition of Web TPA

Apr 24, 2006

American Wholesale Insurance Group (AmWINS), the nation’s second largest wholesale insurance broker, announced today that it has completed the acquisition of Irving, Texas based Web TPA, Inc., a leading third party insurance administrator focused on improving the administration process for self-funded employers and insurance companies.

“The addition of Web TPA is in keeping with our overall strategy to provide increased product offerings and expertise to our retail agency customers,” said Steven DeCarlo, AmWINS President & CEO. “The synergy that exists between Web TPA and National Employee Benefit Companies (NEBCO), an AmWINS company, will result in new product offerings and increased customer service to a larger client base.”

“We are pleased and excited to be joining the AmWINS family,” said Web TPA President & CEO Mike McCabe. “Becoming part of American Wholesale will benefit Web TPA, its employees and customers immeasurably.”

“Bringing Web TPA into American Wholesale is significant,” said Samuel Fleet, President of AmWINS Group Benefits Division. “Web TPA’s services and community based health plan products complement NEBCO’s existing offerings and provide a platform for us to build new and innovative products around. What makes the acquisition so logical is that Web TPA has the best proprietary claims-paying platform in the industry and, like NEBCO, is known for its excellent customer service.”

WEB-TPA’s proprietary iii:PUTTM system allows each client to have a HIPAA-compliant private label offering, flexible benefit plan design and selection of third party vendors, such as networks and pharmacies.