Wednesday 02 December 2020

North Carolina, US-based speciality insurance products and services provider AmWINS Group, Inc. has agreed to acquire Bermuda-based P and C wholesale insurance/reinsurance broker International Specialty Brokers Ltd. (ISBL), to expand capacity and strategic capabilities for clients and brokers, the company said.

Terms of the transaction were not disclosed.

ISBL will join AmWINS Brokerage and become AmWINS Bermuda January 1, 2021.

ISBL enhances AmWINS' access to the international marketplace and will complement the range of products offered by the AmWINS Alternative Risk team, including catastrophic natural disasters, emerging risks and non-peril specific revenue protections.

AmWINS Group, Inc. is an independent wholesale distributor of speciality insurance products in the United States, dedicated to serving retail insurance brokers by providing property and casualty products, speciality group benefit products and administrative services.