Amwins
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The facility has expanded to cover construction and renewable energy risks.
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The SPV will underwrite a “broad and highly diversified” portion of Amwins’ ~$6bn delegated authority premiums.
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The market is “extremely competitive”, with several launces from MGAs and syndicates expected.
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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.