Largest Wholesale Broker, Amwins, to Acquire Rival Worldwide Facilities
The addition of Worldwide broadens Amwins’ specialty capabilities and expands its footprint, especially on the west coast.
The acquisition is Amwins’ 50th acquisition. The combined firm will have more than 6,151 employees in 155 offices across the U.S., and place in excess of $24 billion in premium annually.
The Worldwide team, led by Davis Moore, will join Amwins’ leadership team, according to the announcement.
“The acquisition of Worldwide is a watershed moment not just for Amwins, but the specialty distribution space,” said Scott M. Purviance, chief executive officer of Amwins. “Since the beginning, we’ve believed that scale and specialization are key to delivering for our clients. Over the last 19 years, we’ve been able to build an organization that stands out amongst the competition. With the addition of Worldwide to the Amwins family we are partnering with a very talented group of broker