Specialty insurance company AmWINS has launched a new railroad practice group. AmWINS is one of the few railroad experts in the industry and the wholesale leader in the space, with nearly 500 accounts bound across all lines. The company participates in five of the seven Class 1 railroad accounts in the country and several regional, scenic and commuter railroads.
“AmWINS has been writing this class for over 15 years, and we have longstanding, established relationships with carriers as a result of our unmatched expertise in the railroad space,” said Harry Tucker, AmWINS executive vice president and national property practice leader. “Our railroad team has a breadth of knowledge that allows us to write business of all sizes, ranging from rolling stock to Class 1 railroads, and everything in between.”
The new practice will be led by Darron Johnston, who began his career in the facultative reinsurance division of Aon Benfield. In 2013, Johnston joined THBi, an AmWINS Group company. He moved to AmWINS Brokerage of Georgia in 2015. Johnston worked closely with railroad property specialist Bob Steward to establish the new practice.
“No two rail risks are the same, so a deep understanding of policy language and coverage options is essential to helping retailers achieve the best solution for their clients,” Johnston said. “This class can also be susceptible to large losses, and our experts are well-respected for their experience in mitigating unique and complicated risks.”