AmWINS Group to merge with Colemont Insurance Brokers

Apr 12, 2010 (Datamonitor via COMTEX) -- AmWINS Group, a distributor of specialty insurance products, and Colemont Insurance Brokers have announced that the two companies will be combined to form a specialty insurance distributor placing over $4.8 billion in annual premiums with over 1,800 employees in 16 countries.

The combined organization will operate under the AmWINS Group name and will be composed of four divisions: AmWINS brokerage, which distributes property, casualty, and financial services products through retail brokerage clients; AmWINS underwriting, which is composed of several niche underwriting programs where AmWINS have contractual authority from various insurance carriers to underwrite, bind, issue and administer insurance policies on their behalf; AmWINS group benefits, which designs, distributes and administers specialty group insurance products through retail insurance brokerage clients; and Colemont Global Group, the company's international division, which operates as a an insurance and reinsurance brokerage network headquartered in London.

The combined firm will be led by Steve DeCarlo, CEO; Skip Cooper, president; James Drinkwater, president of US brokerage division; Sam Fleet, president of group benefits division; Michael Lapeyrouse, underwriting division leader and president of The American Equity Underwriters; and Surinder Beerh, CEO of Colemont Global Group.

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