Charlotte, N.C.-based wholesale broker AmWINS Group, Inc. said it has acquired three medical stop loss wholesalers that creates what the broker says is the nation's largest wholesale brokerage for medical stop loss insurance. Financial terms were not released.

AmWINS said it has acquired medical stop loss wholesalers, American Stop Loss Insurance Brokerage Services in Worcester, Mass.; Health Benefit Solutions Insurance in Benicia, Calif., and National Insurance Wholesalers in Houston.

All three will be merged into one unit, the broker said.

"Diversification is key to our company's strategy and continued growth," said M. Steven DeCarlo, CEO of AmWINS Group. "This acquisition not only complements our existing benefit product capabilities, but also allows us to strategically expand our products and services to a broader network of retail customers and markets."

AmWINS said the current management teams of each entity will continue to lead the day-to-day operations for their respective company:

o Gerry Gates and Walter Coolidge for American Stop Loss.

o Rebecca Bocek for Health Benefit Solutions.

o Elizabeth Ogletree and founder Mark McGuire for National Insurance Wholesalers.

Telephone and e-mail requests for additional information regarding the size of the transaction drew no immediate response from the company.

Special Reports /

AmWINS 3 Acquisitions Creates Medical Stop Loss Practice

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