AM Specialty acquires Pinpoint Insurance
AM Specialty Insurance Company , a provider of specialty insurance solutions, is announcing the acquisition of Pinpoint Insurance , a national program administrator, managing general agency, and surplus lines brokerage. This acquisition underscores the group’s commitment to expanding its product offerings and enhancing its service capabilities in the excess and surplus insurance market.
Founded by Brad J. Sickinger in 2021, Pinpoint has built a strong reputation for its “agility and capacity to think outside the box, bringing invaluable insights and tailored options to their clients.” The company writes over $15 million in gross written premiums and is on track to achieve “significant growth this year and beyond.”
Brad, who brings significant industry experience from his roles at Allianz AGCS, Willis HRH, Marsh, and AIG, will continue to lead the company.
In addition to the US operations, the group has founded Pinpoint UK in London, which will be led by Darren Powell as Chief Underwriting Officer from September 2024. Darren brings over 30 years of industry experience from RSA and Allied World. Shaun Packman, with over 40 years of experience in Marine and Aviation business lines, will manage operations for the London-based entity.
“This acquisition represents a significant step forward for us in enhancing our specialized insurance offerings. Pinpoint’s expertise complements our strategic vision, allowing us to broaden our reach and deepen our capabilities in key niche markets.” – Shevawn Barder, CEO of AM Holding Company.
“We are thrilled to join AM Specialty Insurance Group. This partnership marks a milestone in our journey, aligning our innovative approaches with a company that has a strong reputation in specialty insurance markets. Together, we will drive greater innovation and value for our clients.” – Brad J. Sickinger, President of Pinpoint US.
“The impressive technology, wealth of data and strong entrepreneurial leadership of AM Specialty, combines powerfully with Pinpoint customer solutions. I am very excited to be leading the expansion into the UK at this important stage in the development of the business.” – Darren Powell, Chief Underwriting Officer of Pinpoint UK.