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

Featured Video

Most Recent Videos

Video Library ››

Top Story

6 things to know about white collar crime

Small businesses with less than 150 employees are 10 times more likely to be victimized by fraud than those companies with 250-500 employees.

Top Story

10 tips for lifting safely on the job

Musculoskeletal injuries result in pain, disability and financial stress for injured workers, and employers end up paying for them either directly or through workers' compensation.

More Resources

Comments

eNewsletter Sign Up

Specialty Markets Insight eNewsletter

Receive updates and analyses on hard to place and challenging coverages. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.