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AmWINS Group, Inc. Acquires Beacon Risk Strategies
May 1, 2008 – Charlotte, N.C.-based AmWINS Group Inc.
acquired Beacon Risk Strategies, a Seattle-based managing general
underwriter of excess-loss benefits insurance. Terms of the
transaction were not disclosed.
Founded in 1999, Beacon Risk Strategies provides customized products and services to protect companies and their health plans from unexpected catastrophic claims. Beacon represents several carriers and can offer products in all 50 states, which enables the company to provide tailored packages to Blue Cross/Blue Shield plan markets and large self-funded employers.
"Beacon's stop-loss capabilities represent a new product offering for our company and will strongly complement our existing capabilities," Steven DeCarlo, AmWINS Group's CEO.
"Joining AmWINS makes terrific sense," said Wright Dickinson, Beacon Risk Strategies' president. "Combining our underwriting expertise and long-standing carrier relationships with AmWINS' national retail client network and existing product solutions allows us to instantly build new relationships and bring new services to our existing customers."
AmWINS (www.amwins.com) is a wholesale distributor of specialty insurance products dedicated to serving retail agents throughout the United States by providing property and casualty, group life and health, and program administration services. Based in Charlotte, NC, the company operates through more than 35 offices across the United States and handles premium placements in excess of $3.3 billion dollars annually.
Founded in 1999, Beacon Risk Strategies provides customized products and services to protect companies and their health plans from unexpected catastrophic claims. Beacon represents several carriers and can offer products in all 50 states, which enables the company to provide tailored packages to Blue Cross/Blue Shield plan markets and large self-funded employers.
"Beacon's stop-loss capabilities represent a new product offering for our company and will strongly complement our existing capabilities," Steven DeCarlo, AmWINS Group's CEO.
"Joining AmWINS makes terrific sense," said Wright Dickinson, Beacon Risk Strategies' president. "Combining our underwriting expertise and long-standing carrier relationships with AmWINS' national retail client network and existing product solutions allows us to instantly build new relationships and bring new services to our existing customers."
AmWINS (www.amwins.com) is a wholesale distributor of specialty insurance products dedicated to serving retail agents throughout the United States by providing property and casualty, group life and health, and program administration services. Based in Charlotte, NC, the company operates through more than 35 offices across the United States and handles premium placements in excess of $3.3 billion dollars annually.