CHARLOTTE, N.C.–(BUSINESS WIRE)–#insurance–AmWINS Group, Inc. (“AmWINS”), a global distributor of specialty
insurance products and services, is pleased to announce that it has
completed the acquisition of Atlantic Risk Specialists (“ARS”), a
full-service wholesaler and managing general agent comprised of two
entities: Atlantic Risk Specialists, Inc. and ARS-Latiff, LLC.
ARS, which has offices in New Jersey, New York, and Florida, will become
part of AmWINS’ Brokerage division and strengthen the firm’s property
and casualty capabilities. ARS brings extensive expertise in difficult
and complicated construction risks, including New York City contractors,
as well as workers compensation and professional lines.
“We’re excited to partner with Larry Maier, Margie Kessler, Diana
Latiff, Brian Wagner, and their team of brokers and underwriters,” said
Scott M. Purviance, Chief Executive Officer of AmWINS. “The addition of
Atlantic Risk Specialists not only broadens our placement capabilities,
but also expands our ability to offer innovative solutions to our retail
clients and enhances the distribution footprint for our market partners.”
This acquisition further reinforces AmWINS’ strategy and successful
model of providing specialized products and diverse capabilities
centered on insurance distribution and services, with a focus on
delivering innovative solutions to its clients.
“In joining AmWINS, we are partnering not only with a leader in our
industry, but also with a team that shares our fundamental commitment to
providing the best possible service and support to retail brokers and
their clients,” said Larry Maier, Chief Executive Officer of Atlantic
Risk Specialists, Inc. “We look forward to adding our expertise in
challenging risks to AmWINS’ already extensive product and program
offering.”
“We’re pleased to join the AmWINS family and expand our product range
with the resources now available to us through this partnership,” said
Diana Latiff, Chief Executive Officer of ARS-Latiff. “We’re confident
that our employees and clients will benefit from the combination of our
two organizations.”
Terms of the transaction were not disclosed.
About AmWINS Group, Inc.
AmWINS Group, Inc. is the largest independent wholesale distributor of
specialty insurance products in the United States, dedicated to serving
retail insurance brokers by providing property and casualty products,
specialty group benefit products and administrative services. Based in
Charlotte, N.C., the company operates through more than 115 offices
globally and handles premium placements in excess of $16 billion dollars
annually. To learn more, visit www.amwins.com.
About Atlantic Risk Specialists
Atlantic Risk Specialists (ARS) is a full-service wholesaler and
managing general agent with offices in New Jersey, New York, and
Florida. The insurance professionals at ARS have many years of
experience in all aspects of program management, underwriting, and
brokerage sales and use these skills to develop innovative solutions for
clients’ insurance needs. ARS represents over 200 insurance markets,
from large worldwide carriers to the small regional companies. To learn
more, visit www.arspecialists.com.
Contacts
Lisa Kuszmar
AmWINS Group, Inc.
704-749-2780
[email protected]
