CHARLOTTE, N.C.--(BUSINESS WIRE)--AmWINS Group, Inc. (“AmWINS”), one of the nation’s largest and most diversified specialty insurance distributors, today announced that it has formally launched an Engineered Risk Practice within its Brokerage Division.
The Highly Protected Risk (HPR)/Engineered Risk practice handles property placements for insureds with generally $250M TIV and up, including risks that may or may not be classified as pure HPR. The practice can handle all aspects of an account, including CAT placements. AmWINS will work with multiple HPR carriers including, AXIS Insurance, Lexington, XL, Zurich and others. AmWINS has the ability to provide Risk Engineering and other risk management services. Practice members reside in several AmWINS offices and consist of brokers with vast HPR experience. These brokers all have an engineered risk retail and/or carrier background.
“We have been successfully placing HPR/Engineered Risks for years,” said James Drinkwater, President of AmWINS Brokerage. “As we saw the opportunity to grow the segment and bring further expertise and services to our carrier and retail partners, we realized it was time to put a more robust organization behind this practice. “
“This is just another example of our dedication to specialization, growing beyond the success of our traditional E&S platform and evolving as a distributor of broad specialty insurance products on a global basis,” said M. Steven DeCarlo, CEO of AmWINS Group.
About AmWINS Group, Inc.
AmWINS (www.amwins.com) is a wholesale distributor of specialty insurance products dedicated to serving retail agents throughout the United States by providing property and casualty, group life and health, and program administration services. With more than 3,300 employees, the firm currently receives more than 675,000 submissions a year from retail insurance agents across the United States. More than $10.2 billion in premium placements makes AmWINS the largest wholesale broker in the U.S. as ranked by Business Insurance magazine. AmWINS has extensive relationships with more than 20,000 retail insurance brokerage firms and more than 1,500 insurance underwriting firms.