Amwins

Nick Abraham will succeed Nathan Mathis as CEO of the firm's London-based specialty distributor.

Amwins anticipates market softening will continue, absent loss ratio concerns.

A deal would mark Amwins’ second LatAm sale, after Lockton acquired THB Brazil last May.

Former NTUM president Justin Joyce will lead the ANTU binding unit.

Beckham will succeed Ben Francavilla, who is retiring.

The subsidiary generated 2023 gross revenue of $34mn and adjusted Ebitda of ~$5mn.

A deal would mark Amwins’ second LatAm sale, after this publication revealed that Lockton acquired THB Brazil last May.

In the newly created position, Kunert will lead efforts to build out and manage Amwins' formal claims infrastructure.

Armijo will replace Bob Petrilli, who is retiring after serving as president since August 2018.

Cat-exposed accounts will still face higher rates and more restrictive terms, however, as carriers continue to manage their aggregate, according to Amwins’s “State of the Market 2024” report.

This is the first time since 2015 the company has offered a broad-based liquidity opportunity to its employee shareholders, which is around 20% of its entire staff base.

After the transaction completes, the employee shareholder group will own 40% of Amwins and remain the company's largest single shareholder.