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Amwins Closes Acquisition of Wholesale Insurance Broker Worldwide Facilities.

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Vincent

MANews-(C)2009-2021

US-based specialty insurance products and services distributor Amwins Group, Inc has completed the acquisition of US-based wholesale broker Worldwide Facilities, the group said.

This marks the closure of the definitive agreement that was announced on March 5, 2021.

Worldwide Facilities is the fourth-largest wholesale broker in the US. Worldwide broadens Amwins' specialty capabilities and expands its footprint, especially on the west coast.

Expected to close in April 2021, this transaction will reinforce Amwins' position as the industry's largest specialty distribution firm. Worldwide clients can expect a continued high level of service, with access to a broader range of markets, products and tools.

The Worldwide team, led by Davis Moore, will join Amwins' leadership team.

The acquisition adds to Amwins' strong track record of 50 previously acquired companies, and the combined firm will have more than 6,151 employees in over 155 offices across the US, and place in excess of USD 24bn in premium annually.

The continued growth and expanded scale of Amwins will enable additional investment in people, technology and analytical tools to benefit our retail clients.

Waller Helms Advisors acted as exclusive financial...

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