A leading specialty insurance distributor formally launched an engineered risk practice within its brokerage division this week.
AmWINS Group’s Highly Protected Risk (HPR)/Engineered Risk practice handles the property placements for insureds with roughly $250 million TIV and up. That includes risks that may or may not be classified as pure HPR.
The practice is intended to handle all aspects of an account, including CAT placements.
“We have been successfully placing HPR/Engineered Risks for years,” said James Drinkwater, President of AmWINS Brokerage. “As we saw the opportunity to grow the segment and bring further expertise and services to our carrier and retail partners, we realized it was time to put a more robust organization behind the practice.”
AmWINS has established partnerships with HPR carriers including AXIS Insurance,
Lexington, XL, and
Zurich. The practice will also offer risk engineering and risk management services.
“This is just another example of our dedication to specialization, growing beyond the success of our traditional E&S platform and evolving as a distributor of broad specialty insurance products on a global basis,” said M. Steven DeCarlo, CEO of AmWINS Group.
