Bliss & Glennon, which Business Insurance ranked in September 2013 as the No. 10 P&C wholesaler with $229 million in premium, has product expertise and a geographic presence that complements AmWINS' existing platform. Founded in 1965 with offices in California and six other states, Bliss & Glennon has long-standing relationships with both retail clients and markets, a growing transactional brokerage business and a broad array of binding authority contracts. A strong management team and a talented group of brokers and experienced underwriters make this an exciting addition to AmWINS.
"Partnering with AmWINS allows us to continue providing our clients with the service they have come to expect, and we anticipate these relationships will only get stronger with the added access to resources that AmWINS is known for," said Robert Abramson, president of Bliss & Glennon. "Our employees also benefit from the stability and support that comes with joining such an established and respected team."
eReinsure provides Internet-based technology solutions for managing reinsurance transactions including the negotiation and placing process, data management and analysis, compliance, integration and automation. Recognized as an innovator in the reinsurance industry, eReinsure provides insurance and reinsurance carriers and reinsurance brokers with secure access to a global network of business connections. The company is headquartered in Salt Lake City, Utah, and has offices in New York City and London.
"AmWINS recognizes the many ways technology and service can provide a competitive edge and this, together with their commitment to maintain an independent, neutral platform that provides a secure and trusted environment to our clients, is what made this partnership so attractive," said Igor Best-Devereux, President and CEO of eReinsure. "I am proud of all that the eReinsure team has built in our first 14 years and am equally excited at the opportunities we will have together to expand our leading web-based system in the coming years."
These two acquisitions further reinforce AmWINS' strategy and successful model of providing specialized products and diverse capabilities centered on insurance distribution and services, always with an emphasis on delivering unique solutions to its clients.
"We always look at the ways a new partner can help make us better, and not just bigger. Bliss & Glennon and eReinsure are two established and respected leaders in their respective fields that do exactly that," said M. Steven DeCarlo, CEO of AmWINS. "It is equally as important, if not more, that our cultures align well, and they do. We are thrilled to welcome all Bliss & Glennon and eReinsure employees into the AmWINS family."
Following the close of this transaction, AmWINS Group, Inc. will employ more than 3,200 employees in 108 offices across 17 countries, including 78 in the United States. The firm will handle more than $9.5 billion in premium across four divisions - Brokerage, Underwriting, Group Benefits and International.
About AmWINS Group, Inc.
AmWINS Group, Inc. is a leading specialty distributor of insurance products and services with expertise across a diverse mix of property, casualty and group benefits products. The firm is headquartered in Charlotte, North Carolina and was ranked by Business Insurance magazine in 2013 as the largest P&C wholesale broker in the United States.