Amwins Group, Inc. Completes Acquisition of Worldwide Facilities
PR Newswire
April 2, 2021 /PRNewswire/ Amwins Group, Inc. (
Amwins ), a global distributor of specialty insurance products and services, announced it has completed the acquisition of Worldwide Facilities ( Worldwide ), the fourth-largest wholesale broker in the
U.S. This marks the closure of the definitive agreement that was announced on
March 5, 2021.
Worldwide, founded in 1970, is highly complementary to
Amwins brokerage, binding authority, underwriting and group benefits capabilities and growth strategy; and it brings extensive expertise in the industry as a national wholesale insurance broker, managing general agency and program manager. The partnership not only strengthens
Amwins acquires rival Worldwide Facilities in watershed moment
08-03-2021
More on this story
13-07-2020
US-based global insurance distributor Amwins Group has agreed to acquire wholesale broker Worldwide Facilities in a deal its chief executive described as a watershed moment for the company as well as the industry. Amwins said it is looking to expand its footprint, especially on the US west coast.
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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