AmWINS Group, Inc. (“AmWINS”), a global distributor of specialty insurance products and services, is pleased to announce that it has completed the acquisition of Partners Specialty Group, LLC (“Partners”).
The addition of Partners further strengthens AmWINS as the leading U.S.-based specialty insurance distribution firm, with more than 4,200 employees across 12 countries and over $14 billion in annual premium placements.
“We are grateful that Partners chose us, as this combination marks another important milestone for our firm," said M. Steven DeCarlo, CEO of AmWINS. "We are excited to partner with Dan McDonnell, Maureen Caviston and their talented team of brokers and underwriters. Combining Partners' expertise and relationships with AmWINS’ resources and proprietary products will provide clients and markets with unrivaled placement capabilities."
Founded in 1999 by Dan McDonnell, Partners has built a national footprint and is currently the ninth largest wholesale brokerage operation in the United States.
“We’re delighted to join the AmWINS family,” said Dan McDonnell, CEO of Partners. “AmWINS has firmly established itself as the leading independent specialty distribution platform. AmWINS invests an amazing amount of time and resources in providing its employees with the best tools so they can offer industry-leading service to their retail broker clients and insurance market partners.”
Terms of the transaction were not disclosed.
About AmWINS Group, Inc.
AmWINS Group, Inc. is the largest independent wholesale distributor of specialty insurance products in the United States, dedicated to serving retail insurance agents by providing property and casualty products, specialty group benefit products and administrative services. Based in Charlotte, N.C., the company operates through more than 100 offices globally and handles premium placements in excess of $14 billion dollars annually. To learn more, visit www.amwins.com.
About Partners Specialty Group, LLC
Partners Specialty Group is the 9th largest specialty insurance broker in the United States. Founded in 1999, the company is home to over 160 insurance professionals across the United States, who together placed approximately $500 million gross premium in 2016. To learn more, visit www.psgins.com.