Amwins moves to 'one firm' model with THB rebrand

US wholesale distributor of specialty insurance Amwins Group has changed the name of its London-based international broking arm THB Group to Amwins Global Risks, reflecting the company’s “one firm” approach to expanding its capabilities in the global market.

Chief executive of the Lloyd’s broker, Matthew Crane, said that the rebranding is a “natural progression” which highlights the growth of the company.

THB joined Amwins in 2012 and since then has doubled its annual premium placed to more than $2 billion. It is said to be one of the largest independent wholesale specialty brokers in the London market, serving retail brokers and markets in North America, Europe and internationally.

THB will retain its identity in Latin America and Asia (South Korean operations) following the renaming of the UK operation. In the LatAm region, THB has established operations in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico and Peru.

Scott Purviance, chief executive officer of Amwins, said: “THB has contributed to Amwins’ success in expanding our capabilities and global market access. The work we have done together over the past decade has made the two businesses stronger.

“Rebranding to Amwins Global Risks further unifies the company, endorses our wholesale model and reflects our unique culture and ambitions for future growth,” he added.

Crane, chief executive officer of Amwins Global Risks, commented: “Uniting behind one brand better reflects our capabilities and ambitions as we continue to expand internationally. Becoming Amwins Global Risks is a natural progression which highlights the growth of our company, our culture of collaboration and our ability to build expertise across borders and global markets.”

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