Global specialty insurance distributor AmWINS Group has announced its acquisition of Partners Specialty Group. Terms of the deal were not disclosed.
AmWINS is the leading US-based specialty insurance distributor, with more than 4,200 employees in 12 countries and more than $14 billion in annual premium placements. The company strengthens that position with the acquisition of Partners, one of the largest wholesale brokerage operations in the country.
“We are grateful that Partners chose us, as this combination marks another important milestone for our firm,” said AmWINS CEO M. Steven DeCarlo. “…Combining Partners’ expertise and relationships with AmWINS’ resources and proprietary products will provide clients and markets with unrivaled placement capabilities.”
“We’re delighted to join the AmWINS family,” said Partners founder and CEO Dan McDonnell. “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.”
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