Amwins has completed its acquisition of specialist energy and infrastructure broker NARDAC and will fold the business into a newly rebranded energy, power and onfrastructure practice, as it looks to scale its position in a fast-evolving energy and infrastructure market.
The deal sees Amwins purchase the remaining privately held shares in NARDAC, having first taken a stake in the broker in 2020. Financial terms were not disclosed.
NARDAC’s specialist wholesale, reinsurance and underwriting services will now be integrated into Amwins’ existing energy practice, which will trade as Amwins Energy, Power and Infrastructure. The practice, spanning Amwins’ Brokerage, Amwins Global Risks and underwriting divisions, places more than $1 billion in annual premium.
Amwins said the expanded practice is designed to give retail brokers and their clients a single platform to support risks across traditional energy systems, emerging power technologies, renewables and converged infrastructure.
NARDAC’s specialty programs, including community solar, battery energy storage systems (BESS) and severe convective storm cover, will remain part of the offering and are being positioned as a strategic differentiator for the practice.
The rebranded team will be co-led by Ben Abernathy, Rob Battenfield and Jatin Sharma, who will continue to run their individual teams and books of business.
“As the needs of the market have evolved, we are excited to add NARDAC’s expertise to our practice, creating more options for our retail partners to access world-class solutions,” said Battenfield, executive vice president at Amwins Brokerage and co-leader of the energy, power and infrastructure practice. “Formalizing this structure into a broad global offering that serves a significant portion of the energy and infrastructure markets will cement Amwins as a key wholesale partner for retail brokers and underwriters.”
Amwins is framing the move in the context of the energy transition and the rapid build-out of digital infrastructure, from data centers to AI-driven power demand.
"Power generation, storage, transmission and AI infrastructure are increasingly interconnected," said Sharma, executive vice president at Amwins Brokerage and co-leader of the practice. "Molecules and electrons now shape converged risks across the energy transition and the digital transformation of global economies."
The convergence is increasingly visible in the way risks cut across traditional product lines, the company said. A single project can combine utility-scale renewables, grid-scale storage, complex construction contracts and exposures linked to data or cloud providers.
In that environment, specialist intermediaries with dedicated analytics and engineering support have become more important in helping carriers build comfort with new technologies and structures.
Sam Baig, president of Amwins Brokerage, said the integration strengthens Amwins’ position in specialist infrastructure and renewable energy risk transfer.
“Amwins’ power and energy offering provides a broad, specialized platform for placement across traditional and new converged assets,” Baig said. “With the complete integration of NARDAC into the practice, we are furthering our presence as a leading provider of innovative specialty risk transfer in infrastructure and renewable energy.”
The Amwins energy, power and infrastructure practice will operate across the US and from the Amwins Global Risks office in London, giving the broker a transatlantic footprint in a segment where global capacity, reinsurance support and access to London market expertise are increasingly important for large and complex placements.
In recent years, capacity for certain renewable and power classes has fluctuated as carriers reassessed loss experience from natural catastrophe events, severe convective storms and construction losses. At the same time, demand for coverage has grown alongside investment in grid modernization, storage and transition-focused projects.
Against that backdrop, wholesalers that can aggregate capacity from US and London markets and structure layered, quota share and parametric solutions have become key partners for retail brokers placing large, technically complex programs.
The acquisition also reflects broader consolidation among specialist intermediaries in energy and infrastructure. Global brokers and large wholesalers have been acquiring niche players with deep sector focus to fill product gaps and tap into higher-growth segments such as renewables, grid-scale storage and distributed generation.
Amwins’ full ownership of NARDAC and the formal rebrand indicate that the wholesaler intends to be a long-term player in the energy transition and infrastructure space.
The key question will be whether the enlarged practice can use its $1 billion-plus premium base to secure stable capacity, refine coverage for volatile and emerging exposures such as BESS and severe convective storm, and help clients navigate increasingly complex contractual and regulatory environments around critical infrastructure.
