Specialty insurance products distributor Amwins has purchased managing general agency (MGA) Superior Underwriters, based in Bellevue, Washington, US.
Financial details about the deal were not revealed.
Established in the 1960s, Superior Underwriters focuses on commercial lines, personal lines, and transportation business.
With this acquisition, Superior Underwriters will become part of Amwins Access, a nationwide binding authority for small property and casualty businesses. The deal is said to improve Amwins’ capabilities to meet the needs of small to mid-sized accounts.
Amwins Access president David Lavins stated: “The addition of Superior Underwriters to our Amwins Access division is a perfect fit for our strategic focus on small business and binding authority. Superior Underwriters brings deep expertise and a strong track record in the Pacific Northwest, which not only complements our current operations but significantly strengthens our presence in the region.
“This partnership will enable us to deliver even more comprehensive solutions to our retail clients, empowering them with expanded market access, enhanced products, and the same exceptional service they’ve come to expect from Amwins Access.”
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By GlobalDataSuperior Underwriters president Roy Rankin said: “We’re excited to partner with Amwins to expand our capabilities and reach. Amwins is the perfect cultural fit, and together, we’ll continue to build on the strong foundation we’ve developed in the Pacific Northwest.”
Headquartered in Charlotte, North Carolina, Amwins is an independent wholesale distributor of speciality insurance products in the US and operates through more than 155 offices worldwide.