Amwins, the specialty insurance broker headquartered in Charlotte, said it has acquired Applied Risk Capital, a Miami-based managing general agent specializing in credit insurance for the leveraged financial market.
ARC was founded in 2019 and provides credit insurance plans for banks, funds and institutional investors for non-investment grade risks, the company said in a news release.
The move is an expansion into credit insurance for Amwins, said Ryan Armijo, president of Amwins Underwriting. It adds value for ARC’s insurers and banking clients, said Andrew Shapiro, founder and chief executive officer of ARC.
Amwins is one of the largest independent wholesale distributors of specialty insurance products, with some 138 offices globally, handling premium placements of more than $44 billion annually.
Topics
Insurance Wholesale
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