CHARLOTTE, N.C., May 3, 2021 /PRNewswire/ -- Amwins Group,
Inc. ("Amwins"), a global distributor of specialty insurance
products and services, has signed a definitive agreement to acquire
Equisure, Inc., an innovative leader in products unique to
exposures associated with equines and canines.
"The addition of Equisure will extend our Underwriting
division's capabilities to a new, highly specialized segment of the
market," said Scott M. Purviance,
Chief Executive Officer of Amwins. "We are excited to partner with
such a long-standing, well-respected program and look forward to
working with Diane and her team to deliver equine and canine
insurance solutions to our clients."
Expected to close later this month, this transaction will
further position Amwins as the industry's largest and most
diversified specialty distribution firm. Equisure clients can
expect a continued high level of service, with access to a broader
range of markets, products and tools.
"We are proud of the program we have built over the past 30
years and are excited to start this next chapter as part of the
Amwins family," said Diane Lesher,
President of Equisure. "This relationship will help expand our
reach and share our passion with more customers and markets."
Amwins offers a variety programs for specific product lines,
industry segments and business types. With decades of experience in
highly specialized markets and industry niches, Amwins underwriters
have earned the trust of major carriers. Amwins offers more than 60
in-house programs and underwrites more than $1.7B in annual premium through its Underwriting
division.
Terms of the transaction were not disclosed.
About Amwins Group, Inc.
Amwins Group, Inc. is the largest independent wholesale
distributor of specialty insurance products in the United States, dedicated to serving retail
insurance agents by providing property and casualty products,
specialty group benefit products, and administrative services.
Based in Charlotte, N.C., the
company operates through more than 125 offices globally and handles
premium placements in excess of $22
billion annually. To learn more, visit www.amwins.com.
About Equisure
Equisure, Inc. specializes in insurance for equine and canine
risks. Its knowledgeable and experienced team works to ensure the
proper insurance coverage is provided for owners, clubs and related
associations for their highly specialized needs. For more
information, please visit equisure-inc.com.
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SOURCE AmWINS Group, Inc.