MSIG North America and Amwins announce strategic partnership
MSIG North America, the US-based insurance subsidiary of MS&AD Insurance Group Holdings, and wholesale distributor Amwins, announced a strategic partnership where MSIG will provide significant underwriting capacity for more than 20 Amwins underwriting programs.
This is one of multiple initiatives the firms are pursuing and reinforces the significant commitment by MS&AD Insurance Group Holdings, the 8th largest property and casualty insurer in the world by revenue, to the North American market.
“We are thrilled to partner with MSIG NA to deploy capital across our diverse portfolio of underwriting programs. Our innovative arrangement supports existing business, but also provides a catalyst for new product development.” – Scott Purviance, CEO, Amwins.
“This collaboration marks a noteworthy milestone in our plans to expand our presence in the U.S. market. Amwins’ reputation as a leading independent wholesale distributor of specialty insurance products in the U.S. aligns perfectly with our strategic objective of profitable growth.” – Peter McKenna, CEO and president of MS Distribution Holdings Inc.