Amwins
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After a period of business building, MGAs will likely spend more time optimizing. -
David Lavins had previously headed up subsidiary MGA Amwins Access.
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This is the second acquisition Amwins has announced this year.
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Rates are now falling, but submissions are still rising, according to wholesale brokers.
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Brokerage co-presidents Jeff McNatt and Sam Baig discussed the E&S market, rates and M&A.
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The MGA will become part of binding authority unit Amwins Access.
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The broker’s state of the market report noted that property pricing has stabilized.
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James Drinkwater is to serve as vice chair and executive chairman at Amwins Global Risks.
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The 2025 State of the Market report also touched on E&S and MGA growth.
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Earlier this month this publication revealed that the brokerages were in advanced talks to secure a deal.
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Sources said the brokers are in the final stages and could seal a deal in the next couple of weeks.
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Nick Abraham will succeed Nathan Mathis as CEO of the firm's London-based specialty distributor.
Related
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Cyber renewals falling at or below expiring pricing: Amwins
September 10, 2024 -
Amwins forms National Transportation Underwriters
May 01, 2024 -
Amwins taps Beckham to lead Amwins Program Underwriters
April 15, 2024 -
Amwins buys BRP’s wholesale business Connected Risks for ~$59mn
February 28, 2024