AmWINS Completes Acquisition of The Flood Insurance Agency of Florida

AmWINS Group, Inc., a global distributor of specialty insurance products and services, has completed the acquisition of The Flood Insurance Agency (TFIA), a Florida-based managing general agency that specializes in private market flood insurance.

The Flood Insurance Agency, operating as a program administrator for Lexington Insurance Co., provides access to Private Market Flood, an alternative to the National Flood Insurance Program.

The addition of TFIA significantly expands AmWINS’ capabilities for flood products in both personal and commercial lines. TFIA will soon release details of a new commercial flood product which will be supported by AmWINS’ distribution network and backed by Lexington Insurance Co.

AmWINS offers a variety of P&C programs for specific product lines, industry segments, and business types. AmWINS offers more than 60 in-house programs and binding authorities and underwrites over $1.8 billion in annual premium, through its underwriting and access divisions.

Terms of the transaction were not disclosed.

AmWINS Group, Inc. is based in Charlotte, N.C. and operates through more than 115 offices globally, handling premium placements in excess of $15.3 billion dollars annually.

The Flood Insurance Agency (TFIA), established in 1984 and located in Gainesville, Fla., specializes in the distribution of private flood insurance throughout the United States. The private flood insurance program now insures over $4.5 billion of property spread over 25,000 risks and has registered over 3000 independent agencies in 37 states to market the program.

Topics Florida Mergers & Acquisitions Flood