Amwins

The deal leaves Amwins, RSG and CRC with a market share of more than 80%, and it will be hard for anyone else to break in.

Amwins does not expect to pursue another deal in the wholesale transactional brokerage segment for the foreseeable future, after the company said on Friday it was acquiring the fourth largest US wholesaler, Worldwide Facilities.

The broker says the ILS alliance will "meaningfully increase" its capacity in three segments.

The wholesaler is taking advantage of cheap credit to lower its debt servicing costs.

The wholesale broking executive says plenty of capital remains to support both the admitted and E&S markets.

The revamped insurer backs the intermediary’s long-term care binder.

Two ILS leaders are working on a new launch with strategic broker and reinsurer alliances in place, sister title Trading Risk revealed.

The unnamed global reinsurer will provide cover across a number of manufacturing and contractor lines.

AmWins issued its report on the state of the wholesale market, giving the first detailed look at pricing and other trends in Q2.

Covid-19 has led to a surge in potential exposure in what was already a challenged market.

The former senior vice president at AmWins replaces James Abraham, who is retiring.

Total distributions to all shareholders over the last seven years will pass $1.1bn.