AWhat Amwins does: Amwins is the largest wholesale distributor of specialty insurance products and services in the United States. It works across property, casualty, group benefits, and reinsurance, serving insurance brokers, agents, and carriers with tailored solutions. How its product works: Amwins provides access to specialized insurance products and adds services such as product development, underwriting, premium and claims administration, and actuarial support, generating revenue by distributing these products and through the related services. How it is different from competitors: It stands out by its size and breadth in the wholesale specialty market, offering a wide range of product lines along with comprehensive administrative and actuarial services to a network of brokers and carriers. What its goal is: to help its clients meet their insurance needs with customized solutions and to maintain leadership in the wholesale specialty market while growing its market share.
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Company Size
5,001-10,000
Company Stage
Private
Total Funding
$53.5M
Headquarters
Charlotte, NC
Founded
2001
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Total Funding
$53.5M
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Funded Over
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Amwins pairs Amwins DNA with ai-enabled capabilities, including Claude deployment to all employees. Nov 5, 2026 More than two decades of data and analytics investment underpins a growing set of AI tools for colleagues across the firm Amwins, a leading distributor of specialty insurance products and services, today announced a new phase of investment in AI-enabled capabilities built on Amwins DNA, its proprietary portfolio of data and analytics, including the rollout of Claude by Anthropic. "When we launched Amwins DNA, we said data and analytics are part of who we are. AI is the next chapter of that story," said Scott Purviance, CEO of Amwins. "We have spent more than two decades building the data foundation, and that is what allows us to put AI alongside our employees' specialized knowledge to do extraordinary things for our clients." Amwins introduced Amwins DNA in October 2023 as the firm's comprehensive and proprietary portfolio of data and analytics capabilities designed to help Amwins find the best solutions for clients, understand market partners' risk appetite, build capacity and create exclusive products and programs, as well as identify Amwins specialists within the firm for difficult classes of business. Today, that same foundation supports a growing set of AI-enabled tools for colleagues across Amwins' five divisions. Amwins has implemented AI with privacy and security at the forefront, using a secure, controlled environment designed to protect company and client information and ensure that its data is not used to train external AI models. Strong, stable data infrastructure powers AI capabilities Amwins expertise spans numerous niche industries and specialty classes. That collective knowledge is stored in Amwins DNA, which includes more than 2.2 million submissions and $49 billion in premium placements, with risk- and policy-level detail across the firm's Property, Professional Lines and Healthcare books and many casualty lines, including Construction, Real Estate, Excess Auto, Primary Auto, Manufacturing and Product Recall. "With rich data and proprietary technology, the company's AI-driven solutions enable Amwins brokers and underwriters to work efficiently and accurately - bringing the intelligence of the entire firm to each employee as soon as a submission is received," said Purviance. One such solution is Amwins' market suggestions tool, a proprietary AI-enabled model built by in-house data scientists. Submission data is matched with Amwins DNA to predict markets and underwriters that have an appetite for a specific risk, helping seasoned brokers stay aware of new market entrants and upskilling newer team members who may have only one market cycle of experience. AI-enabled tools across the firm Amwins' AI work is organized around five priorities: empowering every colleague with enterprise-approved AI tools such as Copilot and Claude; automating repetitive work, such as data capture, remittance uploads and policy checking in client services (CST); business-led initiatives; enterprise-led initiatives built on Amwins' data and proprietary technology including a custom developed Amlink MCP (Model Context Protocol); and AI-first software development. "Our data foundation - Amlink, Amlink Docs and Amwins DNA - is a real advantage in putting AI to work, and we're being thoughtful and disciplined about where we apply it," said Ben Sloop, President and Chief Operating Officer of Amwins. "Insurance is a relationship business, and AI doesn't change that. The goal isn't to replace expertise; it's to pair our people's skills with our data and analytics so we can deliver better outcomes for our retail clients." Claude extends AI to colleagues across the firm Amwins has rolled out Claude to nearly 8,000 colleagues across its five divisions. Claude is part of the firm's effort to empower every colleague to take advantage of this technology, which is now a daily part of how employees work. "At the end of the day, we are a people business," said Sloop. "AI augments and multiplies our employees' capabilities to serve our clients and allows us to take on more ambitious work than ever before. It makes our people extraordinary." Dragoneer connection underscores AI investment Dragoneer, an investor in Amwins since 2015, co-led Anthropic's $30 billion Series G at a $380 billion post-money valuation and was one of four lead investors in its subsequent $65 billion Series H at a $965 billion post-money valuation. Its investment in both companies reflects Dragoneer's conviction in category-leading, technology-enabled businesses, spanning specialty insurance distribution and enterprise AI.
Who owns Australia's underwriting agencies after a year of deals. AUB's purchase of Aon's One Underwriting is the latest in a run of deals putting more of Australia's specialist underwriting in fewer hands 23 Oct 2026 Aon's sale of One Underwriting Australia to AUB Group, which operates across Australia and New Zealand, is a modest deal on its own. One Underwriting has more than 30 years in the market and works with more than 250 brokers, writing lines from classic cars and pubs to commercial drones and fine art. Neither side disclosed a price and the sale still needs regulatory approval. Alongside this year's other deals, it points to a bigger shift. Underwriting agencies handle about a fifth of Australia's general insurance premium and their ownership is concentrating quickly. The buyers are increasingly groups that specialise in owning agencies. Sellers, buyers and a new map. Aon is the seller this time. It said the sale followed a regular review of its portfolio, and that One Underwriting would grow faster under an owner focused on agency businesses. The agency has belonged to Aon since it launched in January 2016, replacing the broker's earlier underwriting business, Freeman McMurrick. Steadfast's agencies are changing hands as well. Under the A$7.7 billion takeover of Steadfast by Amwins, Dragoneer and KKR, US wholesaler Amwins will take over Steadfast Underwriting Agencies once the scheme is implemented, which is targeted for December. That business wrote A$2.5 billion in premium in FY26 across 20 specialist agencies, according to Steadfast's results. AUB is the buyer. Its Australian agencies division writes about A$1.3 billion in premium across 39 specialist agencies, according to the group's website. One Underwriting will join it under Agencies CEO Denis Morrissey, the founder of 360 Underwriting Solutions, who told insuranceNEWS.com.au the business is "highly complementary" to AUB's existing commercial products. Together, Steadfast's agencies and AUB account for roughly a third of the premium written by Australia's 301 underwriting agencies. Those agencies wrote about A$10.8 billion in total, according to IB's Brokers on Underwriting Agencies report. The figures come from different sources and periods, so the share is approximate. Michael Brown, CEO of Encept in New Zealand, said the pattern was a familiar one from elsewhere in the distribution chain. "I think it's another sign of the value the market sees in specialist underwriting businesses," he said. "It's not that different from the consolidation we've seen among brokers: scale brings advantages, but the key is preserving the specialist focus and responsiveness that made these businesses successful." Why agencies are worth owning. For buyers, the attraction is margin. AUB's agencies division earned an EBIT margin of 43.7% in FY26, ahead of its Australian broking business, and the group has set a 47% target for the division. Underlying pre-tax profit rose 8.4% to A$78.0 million, held back by weakness in strata, according to AUB's FY26 results. Adding commercial specialty lines such as One Underwriting's is one way to lift that margin without relying on strata. The ownership list was already long. Jaydon Burke-Douglas, CEO of Antipodean Underwriting in Australia, pointed to Howden's ownership of DUAL, Steadfast's of ProRisk, the Envest Group's of London Australia Underwriting and AUB's 70% equity stake in Pacific Indemnity Underwriting Solutions. He said the Australian underwriting agencies market had grown more than 470% since the 2014-15 financial year, making it the fastest growing sector of the insurance market and that a race to own successful businesses was no shock. "I can understand why established underwriting agencies are attractive to larger groups," he said. "They bring specialist underwriting expertise, established broker relationships and access to niche markets that can be difficult to replicate." Insurers and wholesalers have their own reasons to buy rather than build. Jamie Richards, head of M&A at Ripe, told Insurance Business last week that in specialty lines it is easier to buy an agency with some scale and maturity than to grow one in-house. A new portfolio has no data to give it an underwriting edge, and a renewal book cannot be built overnight. Brokers, meanwhile, are relying on agencies more. In IB's latest Brokers on Underwriting Agencies survey, 59.7% of brokers said agencies underwrite more than 30% of their book, up from 46.8% a year earlier. Nearly all said they would keep placing business with agencies even in a softer market. The more of a broker's book an agency holds, the more its ownership matters to that broker. What brokers should watch. For the brokers who place with One Underwriting, the immediate questions are practical: whether its capacity arrangements, underwriting team and brand stay as they are. So far AUB and Aon have said only that they will work together on a smooth transition for customers, staff and other stakeholders. There is a competitive question too. AUB holds equity in 45 partner brokers. Brokers outside that network who placed with an Aon-owned agency will now be placing with one owned by a rival broking group. Steadfast's agencies are heading the other way, from a broker network to a wholesaler. Burke-Douglas said scale could deliver real benefits through investment in technology, operational efficiency and product development, but that the test was whether those benefits reached brokers and their clients. "Consolidation can create stronger businesses, lower overheads and economies of scale, but bigger doesn't automatically mean better," he said. "Ultimately, brokers want competitive products, fast decisions, consistency and people who understand their clients' businesses." Consolidation can also create choice. Richards said experienced underwriters often leave agencies once they are absorbed into larger groups and start new ones, many of which are bought in turn. He described consolidation and new MGA formation as two halves of the same cycle. Some owners are opting out of the roll-up model altogether. Brisbane's High Street Underwriting Agency now sits under a new parent, 11th Avenue, which takes minority or strategic stakes in agencies and leaves underwriting decisions with each brand. Founder Alan Whittle said the group had no wish to fold agencies into something "bigger, more corporate, or less approachable". "The more the market consolidates, the stronger the case for a place in the market for independent underwriting agencies that can combine specialist expertise with modern technology and a genuinely broker-focused approach," Burke-Douglas said. Antipodean is 100% Australian owned and independent, with a shareholder register made up of employees, managers and retail investors. Burke-Douglas said he wished those consolidating well, but wanted brokers to know independent alternatives were available. Questions to ask an agency after a change of owner * Will the same underwriters keep the same authority on referrals and claims? * Are the current capacity providers and binders staying, and for how long? * Will commission terms, wordings or appetite change at the next renewal? * Does the new owner also compete for the broker's clients, and how is client information kept separate? 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Amwins unveils battery, EV coverage. * by Claire Wilkinson Amwins Global Risks said Tuesday it has expanded its specialist commercial and industrial insurance facility to cover battery energy storage systems and electric vehicle infrastructure. The facility, which offers up to $10 million in limits per project, allows portfolios of smaller distributed energy assets to be insured under a single program, Amwins said. The facility provides coverage for construction and operational risks, including delay in start-up and business interruption coverage, as well as construction of EV charging stations in the U.S. Deductibles can be tailored to individual assets, while accumulated natural catastrophe exposure is assessed at the portfolio level, Amwins said. October 14, 2026
Markets/Coverages: Amwins launches MGA illumin Specialty. October 6, 2026 Specialty insurance broker Amwins has launched illumin Specialty, a managing general agency (MGA) offering primary general liability and excess liability insurance. The MGA will work exclusively with wholesale brokers to focus on coverages for "challenging exposures across segments where market dislocation and technical complexity often complicate placement." The illumin Specialty team expects to finalize capacity and begin accepting new business in the fourth quarter. Rebecca Gitig, an industry veteran with more than 20 years' experience underwriting environmental and primary liability, will lead illumin Specialty as it focuses on coverages for "challenging exposures across segments where market dislocation and technical complexity often complicate placement." Joining Gitig are Randy Villanueva, senior vice president, and Meredith McLelland, senior vice president, both bring experience underwriting casualty. This addition expands Amwins Underwriting's in-house specialty casualty capabilities and its commitment to the excess and surplus lines (E&S) primary market. Was this article valuable? Interested in excess surplus? Get automatic alerts for this topic.
CoverForce launches Startup Program, enabling any company to launch a digital brokerage in days. Program combines carrier connectivity, preferred pricing, vetted market access partners, and educational resources into a single path to launch - compressing what has historically taken new brokerages years NEW YORK, NY - September 15, 2026 - CoverForce, the largest commercial insurance distribution network in the US, today launched the CoverForce Startup Program, giving early-stage founders everything they need to launch a digitally-enabled commercial insurance brokerage. The program is the first to combine preferred access to CoverForce's 60+ carrier integrations with vetted market access partners and educational resources built for founders new to the industry. For any company that has wanted to distribute commercial insurance, the requirements have always been the same. Form a licensed entity. Secure producer and entity licensing in every state of operation. Win carrier appointments one at a time. Then build and maintain point-to-point carrier connectivity from scratch. That manual-heavy process typically consumed months to years of time and significant capital before a single policy was bound, and required institutional knowledge that lived almost entirely inside legacy brokerages. The CoverForce Startup Program collapses that sequence. It supplies the infrastructure, preferred pricing, market access partners, and foundational guidance a new brokerage needs - turning a multi-year build into a launch measured in days. "With this type of offering, we believe any company can be an insurtech," said Cyrus Karai, Co-Founder and CEO of CoverForce. "This was not possible five years ago. Every piece - the carriers, the appointments, the technology, the knowledge - existed in isolation, but no one had assembled them into something a small team could actually pick up and use. That is what we have built, and we are starting with early-stage founders who stand to gain the most from it." Already Proven on the Platform The program formalizes what is already happening on CoverForce. Today, over a dozen digital brokerage startups are building on the platform already, with several going from kickoff to live multi-carrier quoting in under 30 days - a timeline that would previously have been measured in years. "If you're building an AI-native brokerage, you can't do much programmatically without API access to carriers - and building those integrations ourselves would have taken years. CoverForce gives us the API connectivity we need without having to build all that plumbing ourselves, so all of our engineering time can stay focused on our product." - Chris Dwyer, Co-founder and CTO, Rosella "Brokers have spent years digitizing the front end of the application process, only to rekey the same data into carrier portals on the back end. CoverForce closes that gap for us. One API connection puts real-time quotes in front of our agencies without us building and maintaining carrier integrations ourselves." - Jason Keck, Founder and CEO, Broker Buddha What the Program Includes Preferred startup pricing - access to CoverForce's quoting and binding infrastructure at pricing built for early-stage brokerages, scaling with application volume as a book of business grows. Carrier connectivity from day one - a single integration for real-time appetite, quoting, and binding across General Liability, Business Owners Policy, Workers' Compensation, Professional Liability, and more. Market access through vetted partners - appointments remain the largest bottleneck for any new brokerage. CoverForce has partnered with Amwins DAIS to give program members access at preferred rates, so they can quote and bind through established appointments while pursuing their own over time. Educational resources for founders - practical guides for teams new to the industry, covering commercial insurance terminology, guides for how to launch a digital brokerage, and more. Throughout, CoverForce remains neutral infrastructure: the company is not a broker of record and does not offer its own market access solution, and so does not compete with the brokerages, MGAs, or partners it serves. Program Availability The CoverForce Startup Program is open to applications today. In this first phase it is built for teams at the earliest stages: stealth, incubated, venture-backed, and accelerator-backed digital brokerages with newly formed books of business, as well as startups looking to add commercial insurance distribution to their existing offerings. Founders can review the program and apply at coverforce.com/solutions/startups. About CoverForce CoverForce is the commercial insurance distribution infrastructure platform, providing brokerages, wholesalers, MGAs, and startups with a single API for real-time quoting and binding across 60+ carriers. CoverForce was named to CB Insights' 2025 list of the 50 most innovative insurtech startups and is backed by leading investors including Nyca Partners, QED, and Insight Partners. The company is headquartered in New York City. Learn more at coverforce.com. Media Contact Kenny Tsai Head of Marketing, CoverForce [email protected]
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Industries
Company Size
5,001-10,000
Company Stage
Private
Total Funding
$53.5M
Headquarters
Charlotte, NC
Founded
2001
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs