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  6. AmWINS Acquires The Managing Agency Group

M&A Deal Summary

AmWINS Acquires The Managing Agency Group

On September 9, 2009, AmWINS acquired insurance company The Managing Agency Group from Willis HRH

Acquisition Highlights
  • This is AmWINS’s 6th transaction in the Insurance sector.
  • This is AmWINS’s 6th transaction in the United States.
  • This is AmWINS’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2009-09-09
Target The Managing Agency Group
Sector Insurance
Buyer(s) AmWINS
Sellers(s) Willis HRH
Deal Type Divestiture

Target

The Managing Agency Group

Shelton,, Connecticut, United States
The Managing Agency Group is a wholesale broker and administrator of employee benefit plans for small and mid-sized employer groups of 2 to 300 employees. In addition, MAG-EB serves as a brokerage general agency of employee benefit plans for over 30 major carriers.

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Buyer(S) 1

Buyer

AmWINS

Charlotte, North Carolina, United States
Category Company
Founded 1998
Sector Insurance
DESCRIPTION

AmWINS is a distributor of insurance products, provides property and casualty products, group insurance programs, and administrative services to retail insurance agents. It provides brokerage services in the areas of property, casualty, financial risk, auto, construction, environmental, healthcare, life sciences, and public entity. AmWINS was founded in 1998 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 6 of 40
Sector: Insurance M&A 6 of 37
Type: Divestiture M&A Deals 1 of 3
State: Connecticut M&A 1 of 2
Country: United States M&A 6 of 37
Year: 2009 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-08 Beacon Risk Strategies

Seattle, Washington, United States

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, giving them the unique ability to provide innovative and tailored packages to Blue Cross/Blue Shield plan markets and large self-funded employers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-09 Colemont Insurance Brokers Inc

Dallas, Texas, United States

Colemont Insurance Brokers is a specialty insurance brokers in the United States. Company is home to 700 insurance professionals across the globe, who together placed over $1.3 billion in gross premium last year. With access to hundreds of specialty lines, markets, and programs, as well as in-house underwriting facilities, Colemont's brokers and underwriters are highly experienced at placing property, casualty, transportation, or financial services risks.

Buy -

Seller(S) 1

SELLER

Willis HRH

New York, New York, United States
Category Company
Founded 1982
Sector Insurance
Employees4,200
DESCRIPTION

Willis HRH, Inc. is a provider of insurance intermediary services in the United States.

DEAL STATS #
Overall 2 of 3
Sector: Insurance M&A 2 of 3
Type: Divestiture M&A Deals 2 of 3
State: Connecticut M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2009 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-16 Bliss & Glennon

Redondo Beach, California, United States

Bliss & Glennonm, is an excess and surplus lines wholesale insurance broker and managing general agency.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 Loan Protector Insurance Services

Solon, Ohio, United States

Loan Protector Insurance Services, Inc. has focused on lender-placed insurance and insurance tracking services for the mortgage servicing industry.

Sell -
Mergr

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