Busy year for AmWINS Group, Inc.
by THB | 11 Dec 2019
Insurance Business America has published an interview with AmWINS CEO Scott Purviance setting out his thoughts on successful acquisitions.
AmWINS has completed 48 transactions in the past 18 years, including London-based Lloyd's Broker THB in 2012. In 2019 it completed four major acquisitions – the highest achieved so far in a 12 month period:
- The Flood Insurance Agency (TFIA), a Florida-based MGA
- Atlantic Risk Specialists Companies (ARS), a full-service wholesaler and MGA
- LISI Inc, a California-based general agent specialising in medical and ancillary benefits, and Co-Power, a third-party administrator
- Stealth Partner Group, an Arizona-based independent full-service general agent
The number could have been even higher, except that AmWINS insists on acquisitions adding capability to the firm, as well as there being a strong cultural fit. According to Scott “We’ve walked away from a number of deals that didn’t have that cultural fit.”
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