All AmWins articles
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NewsAmwins’ Bernacki: Golden age of MGAs will lead to more product diversity
The continued flow of talent and premium into the programs world in recent years has contributed to an MGA boom, which Amwins’ group chief underwriting officer Mark Bernacki has described as a “golden age” that he says will lead to more product diversity for the segment.
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Amwins: Hard market conditions have lasted longer than expected
Despite carriers reporting multiple quarters of improved loss ratios and record earnings, hard market conditions have not abated to the extent expected, with insurers in many cases keeping capacity tight and meaningful rate increases continuing for the time being, according to wholesale intermediary Amwins.
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Amwins “cautiously optimistic” of D&O market conditions easing this year
A recent report on the D&O market by Amwins describes the segment as being in a “holding pattern” with rate increases averaging between 5 percent and 10 percent, with the wholesaler “cautiously optimistic” on market conditions in the line heading into the second and third quarters.
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Amwins SRU launches middle market transportation program on Obsidian paper
Amwins Special Risk Underwriters (SRU) has partnered with hybrid fronting carrier Obsidian to launch a transportation program providing primary commercial auto solutions for established fleets with a focus on what the firm says are underserved middle market trucking accounts.
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Baig and McNatt named co-presidents of Amwins Brokerage
Amwins has promoted Sam Baig and Jeff McNatt to co-presidents of its broking business in a move it said will allow James Drinkwater to directly focus on his roles as group president of the wholesale giant and executive chair of Amwins Global Risks.
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Scor also pulls back from Amwins SRU and RT’s JEM MGU in cat retrenchment
Scor has pulled its property cat capacity from Amwins’ exclusive Special Risk Underwriters platform and RT Specialty’s exclusive JEM Underwriting Managers facility in addition to its previously reported retrenchment from giant MGU AmRisc, The Insurer can reveal.
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Amwins: Cat-exposed real estate challenged as carriers and MGAs reduce line size
While real estate accounts in general are likely to see rate increases of 7.5 percent to 15 percent in Q1 2022, very specific categories are likely to experience much more challenging renewal outcomes with rate increases in the 25 percent to 100 percent-plus range, Amwins has commented.
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Amwins: “Pockets” of the hard market to continue in Q1
Amwins has commented that “insureds will see pockets of the current hard market continue throughout first quarter 2022”, with the wholesale giant providing rate forecasts for key industries.
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Drinkwater named executive chair of Amwins Global Risks as Mathis confirmed CEO
Amwins Global Risks, the Lloyd’s wholesale broker formerly known as THB Group, has confirmed the appointment of Nate Mathis as CEO.
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Amwins to underwrite NSA and gig auto policies for Buckle in Florida
Buckle and Amwins Specialty Auto have entered into an MGA agreement under which Amwins will underwrite non-standard auto insurance policies for the insurtech in Florida as well as its gig auto insurance for rideshare and delivery drivers in the state.
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Amwins Global Risks hires Aon’s Graham as casualty division director
Amwins Global Risks has appointed Tom Graham as director of its casualty division.
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Amwins SRU unveils exclusive executive D&O liability offering
Amwins’ MGA Special Risk Underwriters has entered the professional lines segment with an exclusive program for its brokers focusing on excess D&O liability, offering limits up to $5mn across a range of target classes.
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Amwins launches crane and rigging program with hire from Pioneer
Amwins Program Underwriters (APU) has hired Mary Wiseley from Pioneer Program to oversee its new crane and rigging specialty contractors program.
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Amwins Global Risks launches underwriting portfolio management team
Amwins Global Risks, the rebranded Lloyd’s wholesale broker formerly known as THB Group, has launched an underwriting portfolio management unit led by John Andrews and Tom Wallace.
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Amwins promotes Bernacki to CUO
Amwins has appointed Mark Bernacki to the newly created position of chief underwriting officer, with the former Beazley executive having served as president of Amwins Special Risk Underwriters since joining the wholesale giant in March 2020.
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Amwins Global Risks to further build construction and engineering unit with Ed hire
Amwins Global Risks has appointed Gary Keenan as head of construction and engineering, succeeding Steve Willsmer, who is set to retire at the end of this year.
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Amwins Global Risks looks to Beazley and Lloyd’s for senior operations hires
Amwins Global Risks, the rebranded Lloyd’s wholesale broker formerly known as THB Group, has hired Beazley’s Colm Hensman as chief operating officer and Lindsey Davies from Lloyd’s as director of operations.
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Amwins: Healthcare rate increases to level off in late Q3 or Q4 due to new entrants
Healthcare rate changes will level off in the third or fourth quarter as a result of new capacity and competition, while the D&O market has seen some degree of rate flattening and cyber premiums are likely to continue rising well into next year, according to wholesale giant Amwins.
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Amwins: Excess casualty carriers now looking for “marginally” higher rates
Most excess casualty carriers have maintained expiring limits and attachment points this year but are still seeking rate increases that are “marginally increased” over the expiring ones, wholesale giant Amwins has stated in a report that provides details on casualty sectors including cannabis, construction, environmental, real estate and transportation.
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Amwins buys truck insurance wholesaler NTUM
Amwins has acquired National Truck Underwriting Managers (NTUM), a Minnesota-based truck insurance wholesaler offering access to primary liability, physical damage and motor truck cargo package policies.
