Amwins

This is the first time since 2015 the company has offered a broad-based liquidity opportunity to its employee shareholders, which is around 20% of its entire staff base.

After the transaction completes, the employee shareholder group will own 40% of Amwins and remain the company's largest single shareholder.

The broker’s “State of the Market: Real Estate” report says little change is expected in the property insurance marketplace for the rest of the year, but talk of more moderate rate increases in 2024 is “gaining momentum” specific to loss-free, properly valued and attractive accounts.

Ali previously led Amwins Specialty Casualty Solutions, a full-service MGA specializing in niche workers' compensation, casualty and professional liability products.

The partnership demonstrates MS&AD Insurance Group Holdings’ commitment to the North American market, according to a joint statement.

He was previously CEO at consulting firm Andros Risk Services and has written two books on D&O insurance.

In connection with the transaction, Amwins and Flexpoint will each appoint a representative to the SageSure board of managers.

The executive will manage a team of 80 professionals that serve clients through more than 20 programs focusing on niche markets.

High capacity and an ongoing faith in the financial system have mitigated against instant action from insurers.

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The wholesaler had already paid out a cumulative $2.1bn of dividends to investors since 2018.

Amwins Global Risks has hired Carlos Herrera as a Latin America-focused reinsurance P&C senior vice president (SVP), based in Miami.