Advertise
Resources
Member, Beacon International Group, Ltd.
CHARLOTTE, N.C.—AmWINS Group Inc. and Colemont Insurance Brokers announced Friday that they have merged, with the combined entity having more than $4.8 billion in annual premiums.
The wholesale brokers and specialty insurance distributors said in a statement that the combined entity will operate under the name of AmWINS Group Inc.
AmWINS was the second-largest wholesaler in Business Insurance’s 2009 ranking, based on 2008 property/casualty premium volume of $2.21billion. Colemont ranked at No. 5, based on property/casualty placements of $1.36 billion.
The No. 1 broker in 2009, CRC Insurance Services Inc., had 2008 property/casualty premium volume of $2.89 billion, according to BI’s ranking.
The combined company, with 1,800 employees in 16 countries, will be based in Charlotte, N.C., and led by M. Steven DeCarlo, AmWINS’ CEO.
“We are gratified and excited to bring the talent of AmWINS and Colemont together,” Mr. DeCarlo said. “Not only does this combination strengthen our geographic footprint, but more importantly, we have expanded the expertise and capabilities available to our clients.”