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AmWINS, Willis Towers Watson
Specialty insurance broker AmWINS Group reported that it has completed the previously-announced acquisition of 15 insurance programs from Willis Towers Watson. Terms were not disclosed.
The programs will become part of AmWINS Program Underwriters (APU), a managing general agency specializing in affinity and program management that underwrites 20 programs with more than
$150 million of premium and has locations in Camp Hill, Pa.; Charlotte, N.C.: Dallas; and Farmington, Conn.
The 15 acquired programs have a team of more than 115 employees with offices in Portsmouth, N.H.; Burlington, Vt.; Tampa, Fla.; Detroit; Denver; Salt Lake City; and Hartford, Conn.
Among the people from Willis Programs who will be joining AmWINS are Debbie Stanley, chief operating officer; Jim Kelley, underwriting officer; Dan Curran, underwriting officer; Bo Adams, MountainGuard program manager; and Tim Hendrickson, MountainGuard program manager.
AmWINS said decisions on offices for the combined program business will be made after the acquisition closes.
The complete list of the 15 programs that are part of the transaction is as follows:
- MountainGuard
- DealerGuard
- RecycleGuard
- ResortGuard
- Health Care
- WorkCompGuard
- FeedLot & Dairy
- CAR-PAC
- PizzaGuard
- Rent-ItGuard
- MAPP
- Lawyers Regional
- UtilitySure
- WellGuard
- WorkTruckGuard
The sale will leave Willis Towers Watson with a handful of select programs, the company said.
AmWINS has more than 4,300 employees in 12 countries and handles more than $14 billion in annual premium placements.
Hub International, Graffam Insurance Group, Axella
Hub International Ltd. (Hub), a global insurance brokerage, has acquired the assets of Graffam Insurance Group LLC (Graffam). Terms of the acquisition were not disclosed.
Based in Cumberland Center, Maine, Graffam specializes in employee benefits and services businesses in Maine and New Hampshire.
In a separate deal, Hub annnounced it also acquired the assets of San Diego-based Axella Insurance Services Inc. Terms of the deal were not disclosed.
Martin Khalaf,...