Amwins
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The valuation for the Jay Rittberg-led program manager is understood to be $1bn+.
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The HNW MGA previously had an exclusive distribution agreement under a partnership signed in July 2024.
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Quota share is less common in the medmal space, where layered and shared structures have been dominant.
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The mayor-elect has promised to build 200,000 new units in New York City.
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The Jay Rittberg-led program manager kicked off a strategic process in August.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The executive has been with the brokerage since 2004.
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The program will provide excess casualty coverage across a broad range of industries.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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After a period of business building, MGAs will likely spend more time optimizing.
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David Lavins had previously headed up subsidiary MGA Amwins Access.
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This is the second acquisition Amwins has announced this year.