2 May 2017Insurance

AmWINS acquires Networked Insurance Agents

US-based global insurance distributor AmWINS Group has announced the acquisition of California-based Networked Insurance Agents, an insurance aggregator specialising in the standard lines insurance segment.

AmWINS CEO Steven DeCarlo said that the addition of Networked to its access division significantly expands the company's capabilities in small to mid-market accounts.

"We have invested heavily in this segment of our business in order to help solve our retail clients’ challenges with small business, and our partnership with George Biancardi and the entire Networked team represents a substantial broadening of our capabilities in the standard lines market," DeCarlo added.

George Biancardi, president and CEO of Networked, said: "Over the past 24 years, Networked has grown into the preeminent aggregation platform on the West Coast. Our partnership with AmWINS will enable us to get to the next level, as it offers us the ability to expand geographically, provides us with industry-leading E&S products, and gives us access to AmWINS’ technology, actuarial services, and deep analytical capabilities."

AmWINS Access, the small business division of AmWINS Group, is a nationwide binding authority for small property and casualty business.

"We have built our brand on helping our retail clients with specialty and hard to place accounts," said Ben Sloop, president of AmWINS Access. "Now, with the addition of Networked, we can offer our retailers a full range of placement solutions across both standard lines and E&S, including the ability for our retail clients to fully outsource placements and back office services to us."

Today’s top stories

Insurtech funding volume drops 64% YOY in Q1

AXA transfers £600M liability book to RiverStone

Willis Towers Watson appoints regional corporate risk and broking leader in US

CNA Q1 results jump on underwriting gains and investment returns

Aon closes $4.3bn business sale to Blackstone

Munich Re boosts North America leadership with new presidents and CEOs

Liberty Mutual completes $2.9bn Ironshore deal

Did you enjoy reading this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
17 January 2018   US-based global insurance broker AmWINS Group has promoted Scott Purviance to succeed Steven DeCarlo as the company’s CEO, effective May 1, 2018.
Insurance
20 April 2017   US-based global insurance distributor AmWINS Group has signed a definitive agreement to acquire wholesale brokerage firm Partners Specialty Group.
Insurance
23 March 2017   US-based global insurance broker AmWINS Group has appointed Perry Lyons as motor fleet underwriter for its London-based managing general agent (MGA) Unicorn Underwriting.