US-based AmWINS Group has completed the acquisition of THB Group, a UK- based independent insurance and reinsurance broker and risk management business provider.
The acquisition is expected to further strengthen AmWINS position as an international specialty insurance distributor placing over $6.7bn in annual premiums.
AmWINS Group CEO Steve DeCarlo said the acquisition will help AmWINS to utilise combined product expertise, capabilities and relationships to better serve its customers and also to become a global insurance leader.
THB Group CEO Frank Murphy will also become President of AmWINS’ International division following acquisition.
AmWINS Group is a wholesale distributor of specialty insurance products and now has more than 2,300 employees in 21 nations worldwide.