Filed Under:Agent Broker, E&S/Specialty Business

Wholesaler AmWINS “Recapitalizing” for $1.5 Billion

The private equity partner of AmWINS Group Inc, the U.S.’s largest wholesale insurance broker by premiums placed, selling its 45 percent stake in the company after a 7-year investment, at a valuation of about $1.5 billion, according to a report by Reuters.

However, AmWINS CEO Steve DeCarlo stated, “AmWINS is not for sale. It is simply recapitalizing, which is part of the normal lifecycle of a private equity funded business.”

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