Wholesale broker AmWINS Group Inc. announced today its acquisition of The III Group, a managing general agent and wholesale broker based in Glenside, Pennsylvania. Terms of the transaction were not disclosed.
Founded in 1972, The III Group’s divisions consist of Insurance Innovators Inc., III of Maryland, Inc., Insurance Innovators of New Jersey Inc., Innovators of New York Inc. and Insurance Innovators of New England Inc. The III Group specializes in general liability, professional lines, commercial auto, property, contractors and personal lines. The firm serves its clients via its wholesale brokerage, specialty programs and binding authority capabilities.
AmWINS said the transaction would help AmWINS enhance and expand its presence in the Northeast region. The III Group will become part of AmWINS Access, AmWINS’s small business division dedicated to binding authority business.
Based in Charlotte, North Carolina, AmWINS is a specialty insurance brokerage with offices in 98 locations across 17 countries, including 72 in the U.S. The firm has expertise across a diversified mix of property, casualty, group benefits and specialty insurance products. With more than 3,550 employees, AmWINS currently receives more than 675,000 submissions a year from retail insurance agents across the U.S. and places more than $10.8 billion in premium placements annually.
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