Amwins acquires firearms insurance MGA
Amwins has acquired Joseph Chiarello & Co., a Summit, New Jersey-based MGA specializing in commercial insurance for the firearms industry.
Founded in 1934 and led by third-generation family members Joseph and Stephen Chiarello, the MGA serves more than 4,000 businesses nationwide. Its program provides commercial package, umbrella and general liability coverage to firearms manufacturers, distributors, retailers, shooting clubs, instructors, and ammunition and accessory manufacturers.
Chiarello will join Amwins Underwriting. The business has spent more than 40 years focused on the firearms industry and carries an endorsement from the National Shooting Sports Foundation.
“Chiarello has built the gold standard in a highly technical, often overlooked niche. This acquisition reflects exactly the kind of specialty expertise we look for as we grow our Underwriting division, and we’re excited to give Joseph and Stephen the platform and resources to keep expanding on that legacy.” – Ryan Armijo, president of Amwins Underwriting.
