Filed Under:Agent Broker, Commercial Business

AmWINS Acquires Gresham & Associates

AmWINS Group, Inc. says it will acquire Gresham & Associates, Inc. in a deal that is expected to close by the end of the year.

Financial terms of the transaction were not released, says an AmWINS spokesman.

Established in 1979 by Jim Gresham, Gresham placed $340 million in premium last year. The firm currently has nine offices primarily in the South, with three offices in Florida.

AmWins says that once the acquisition is complete, the combined firm will place more than $7.5 billion in annual premiums and be home to nearly 2,800 employees in 90 offices across 18 countries.

In conjunction with the acquisition, Tony Gresham, current president of Gresham & Associates, will assume the additional role of chief executive officer of Gresham & Associates with responsibility for all sales and business operations. Jim Gresham will continue as chairman of Gresham & Associates. 

Top Story

What does TRIA denial mean for workers’ compensation?

What does the denial of a TRIA renewal mean to the workers’ compensation industry?

Top Story

Shock, dismay and disappointment: P&C insurance industry's reaction to TRIA news

The U.S. Senate adjourned for the year on Dec. 15 without passing the Terrorism Risk Insurance Program Reauthorization Act.

More Resources

Comments

eNewsletter Sign Up

Agent & Broker Insider eNewsletter

Proven success tips and essential information to help agents and brokers grow their practice – FREE. Sign Up Now!

Mobile Phone
         

Advertisement. Closing in 15 seconds.