AmWINS acquires Atlantic Risk Specialists

The deal will strengthen AmWINS’ P&C capabilities

AmWINS acquires Atlantic Risk Specialists

Insurance News

By Ryan Smith

AmWINS Group has completed the acquisition of Atlantic Risk Specialists (ARS), a full-service wholesaler and managing general agent comprising two entities: Atlantic Risk Specialists, Inc. and ARS-Latiff, LLC.

ARS has offices in New Jersey, New York and Florida. The company will become part of AmWINS’ brokerage division with the acquisition strengthening AmWINS’ property and casualty capabilities. ARS brings extensive expertise in construction risks, workers’ compensation and professional lines.

“In joining AMWINS, we are partnering not only with a leader in our industry, but also with a team that shares our fundamental commitment to providing the best possible service and support to retail brokers and their clients,” said Larry Maier, CEO of Atlantic Risk Specialists, Inc. “We look forward to adding our expertise in challenging risks to AmWINS’ already extensive product and program offering.”

“We’re pleased to join the AmWINS family and expand our product range with the resources now available to us through this partnership,” said Diana Latiff, CEO of ARS-Latiff. “We’re confident that our employees and clients will benefit from the combination of our two organizations.”

“The addition of Atlantic Risk Specialists not only broadens our placement capabilities, but also expands our ability to offer innovative solutions to our retail clients and enhances the distribution footprint for our market partners,” said Scott M. Purviance, CEO of AmWINS.

Terms of the transaction were not disclosed.

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