AmWINS

What AmWINS does

AmWINS is the largest wholesale specialty insurance distributor in the United States, operating as an intermediary between retail insurance brokers and a network of more than 1,200 admitted, E&S and wholesale-only carriers. Headquartered in Charlotte, NC, the firm runs five core divisions — Brokerage, Small Accounts (Amwins Access), Underwriting, Global Risks (formerly THB in London), and Benefits — supported by 8,100+ employees across 155 offices globally. The firm placed $48.8B in annual premium in 2026, served 36,000+ retail agency relationships and 44,000+ underwriter relationships, and processes 2.2M submissions per year. AmWINS is privately held and 100% employee-owned (1,875 employee shareholders); historical capital partner Parthenon Capital Partners participated during the 2005–2012 growth phase, and the firm files recurring Form D exempt securities offerings (~$148.7M raised across 2025) for development capital.

The company generates revenue through wholesale brokerage commissions, MGA underwriting/program fees, binding authority premiums, benefits administration fees, and international/reinsurance brokerage commissions, spanning admitted, E&S, reinsurance, and self-funded benefits markets. Its proprietary technology stack includes Amwins DNA (a benchmarking and analytics engine), Amwins IQ / Amwins InstantQuote (a digital marketplace providing bindable quotes from up to 13 carriers within minutes for SMB accounts), in-house CAT modeling with RMS/AIR software, and within Lloyd's Syndicate 2479 a Palantir Foundry ontology plus LLM-agent pipeline operating over four million industry data points. The firm holds AM Best's PA-1 (Exceptional) Delegated Underwriting Authority Enterprise rating, the first ever issued, and operates 130+ in-house underwriting programs across 700+ underwriters.

AmWINS pursues a multi-pronged expansion strategy: aggressive M&A (12+ acquisitions since 2016 across benefits, specialty underwriting, and international broking), new vertical practice groups (Hospitality, Energy/Power/Infrastructure), exclusive product launches (Cyber+, FAIR Plan Wrap, SRU Primary Construction Casualty, parametric flood), and a landmark A$7.7B indicative bid for Australian broker Steadfast Group announced in June 2026. The Group Benefits division was rebranded as Amwins Benefits in April 2026, consolidating multiple acquired platforms into five solution verticals handling $11.1B in annual premiums across 10.5M+ lives.

Name

AmWINS

Legal name

Amwins Holding Company, LLC

Website

https://amwins.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

AmWINS is the largest US wholesale specialty insurance distributor, placing $48.8B in annual premiums via Brokerage, Small Accounts, Underwriting, Global Risks and Benefits divisions, serving 36,000+ retail agencies and 1,200+ carriers across 155 offices globally.

Ownership category

akta.pro rank

Product category

Wholesale Specialty Insurance Distribution

NAICS

Wholesale Trade Agents and Brokers (425)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Wholesale insurance brokerage
• Specialty insurance distribution
• Excess and surplus lines
• Managing general agency
• Insurance underwriting programs

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Wholesale brokerage commissions: Primary revenue stream: commissions earned by placing specialty insurance coverage on behalf of retail agents and brokers with admitted, E&S, and wholesale-only carriers. Includes property ($13.3B annual placements), casualty ($12.2B), and professional lines ($3.1B) brokerage.
2. MGA underwriting / specialty program fees: Revenue from managing 130+ in-house underwriting programs and acting as a Managing General Agent for niche industries. Generates $3.9B in underwritten premium across 140+ programs with 350+ underwriting specialists.
3. Small Accounts / binding platform premiums: Amwins Access binding platform binds more than $3.0B in small commercial and personal lines premiums annually through 265+ underwriting teams across 64 offices.
4. Self-funded / group benefits administration: Amwins Accident & Health Underwriters designs, markets, distributes and administers self-funded and fully insured products and services, generating $260M in underwritten premium focused on hands-on services, analytics and cost containment. Amwins Benefits division handles over $11.1B in annual premiums covering 10.5M+ lives.
5. International / reinsurance brokerage commissions: Amwins Global Risks (formerly THB) places over $3.5B in annual premium via Lloyd's and international markets, generating commission revenue across 150+ countries and a top-10 Lloyd's contributor position.
6. Capacity building / alternative risk commissions: One of the largest capacity-building brokers in the Lloyd's market, offering exclusive capacity, in-house/proprietary products and access to alternative capital, generating commission-based revenue.
7. Program Underwriters (APU) commissions: Amwins Program Underwriters runs 35+ niche P&C programs with carrier partners, earning commissions on bound premium across construction, manufacturing, recycling, healthcare and more.

Pricing tiers

Go-to-market motion4 records

Core offering

AmWINS is the largest US wholesale specialty insurance distributor, placing approximately $48.8 billion in annual premiums across property, casualty, professional lines, and benefits coverage. It operates through five core divisions: Brokerage, Small Accounts, Underwriting, Global Risks, and Benefits, providing retail agents and brokers with specialty market access, exclusive insurance products, delegated underwriting authority, and digital quoting platforms such as Amwins IQ. The firm also runs 140+ in-house underwriting programs as a Managing General Agent and serves clients in over 150 countries through its London-based international broking arm.

Differentiator

Problem solved

Functional benefit

Brands

• Amwins Brokerage: Excess and surplus lines specialty insurance brokerage; nation’s largest wholesale broker handling more than 425 teams nationwide.
• Amwins Access
• Amwins Underwriting
• Amwins Global Risks
• Amwins Benefits
• Amwins IQ / Amwins InstantQuote
• Amwins Program Underwriters (APU)
• Special Risk Underwriters (SRU)
• Amwins Bermuda
• Amwins International Underwriting (AIU)
• Amwins Re

Products and services

• Amwins Brokerage Wholesale excess and surplus lines specialty insurance brokerage serving retail insurance agents and brokers with market access, CAT modeling, data and analytics, and proprietary product development across property, casualty, professional lines, and alternative risk.
• Amwins Access (Small Accounts) Nationwide binding and brokerage platform for small P&C and personal lines accounts with 265+ underwriting teams, delivering small commercial, personal lines, admitted placement services, and flood coverage through local underwriters and industry-leading technology.
• Amwins Underwriting National Managing General Agency (MGA) platform with 140+ in-house underwriting programs across diverse industries, leveraging in-house actuarial and modeling teams, proprietary technology, and a global distribution network.
• Amwins Global Risks International specialty insurance and reinsurance broking arm (formerly THB), headquartered in London, serving clients in over 150 countries and operating as one of the top-10 contributors to Lloyd's with insurance/reinsurance broking, capacity building, and underwriting capabilities.
• Amwins Benefits Most comprehensive wholesale benefits platform in the industry, engineered to support agencies and carriers with deep expertise, exceptional service, and unmatched distribution capabilities, with recent expansion into gene and cell therapies.
• Amwins IQ (Amwins InstantQuote) Online marketplace providing firm, bindable quotes from up to 13 carriers within minutes for small and middle market commercial and personal lines accounts, combining online quoting with the scale of Amwins Access.
• Amwins Program Underwriters (APU) Operating company within Amwins Underwriting providing property and casualty coverage for 35+ niche programs such as construction, manufacturing, recycling, and healthcare, with carrier partners including Sentry Insurance.
• Special Risk Underwriters (SRU) In-house Managing General Agency formed in 2008 offering a portfolio of 14 specialized products available exclusively through Amwins brokers, including the SRU XS Casualty sidecar program (2025) and Primary Construction Casualty program (2026).
• Unicorn Underwriting Specialist Managing General Agent of Amwins Global Risks specialising in Fleet, Passenger Carrying Vehicles & Haulage (with particular expertise in Coach and Bus Insurance), Commercial Insurances for UK SMEs, and Worldwide Property insurances.
• Amwins Bermuda Full-service property & casualty insurance and reinsurance broker with comprehensive access and expertise in the Bermuda marketplace, part of Amwins' Alternative Risk team focused on parametric, captive, and insurance-linked security solutions.
• Cyber+ Insurance Product Exclusive proprietary cyber insurance product launched by Amwins targeting SME businesses, closing gaps between traditional cyber and cargo policies with significant limits for social engineering, invoice manipulation, breach costs, hardware replacement, cyber training, and breach response services.
• SRU Exclusive Property Programs CAT and non-CAT property, deductible buyback, Florida condo, habitational, builder's risk, and industrial programs and products exclusively available through Amwins brokers.
• California FAIR Plan Wrap Product Exclusive California FAIR Plan wrap product launched in partnership with Vivere, providing non-fire protection and additional limits for commercial and dwelling risks. Written on A-rated paper with reinsurance support from Munich Re Specialty North America and Scor.
• PRMA Habitational Program Habitational all-risk property program offering competitive pricing and comprehensive terms exclusively for members of the Property Risk Management Association (PRMA).
• HabVantage Exclusive program designed to provide all-risk property, flood, and earthquake coverage for large habitational risks.
• CoverCap Exclusive property capacity product developed by Amwins to address complex and layered property risks.
• Parametric Flood Program for the Public Sector Revolutionary parametric flood program offering payouts that scale with flooding magnitude to provide timely financial assistance to municipalities when they need it most.
• Golf Tees-to-Green Flood Insurance Program First-of-its-kind flood program leveraging advanced AI monitoring technology to provide comprehensive flood coverage for business interruption and damages to the golf course itself.
• Silent Cyber Umbrella Policy (CyberUP) The market's first modern cyber umbrella insurance policy designed to fill coverage gaps resulting from silent cyber incidents.
• SRU Primary Construction Casualty Program Exclusive casualty solution written on A+XV paper with multiple coverage options, designed to give brokers greater flexibility in placing primary construction liability risks. Available exclusively through Amwins brokers.
• Hospital Insurance Solutions Customized products and services for Premier members and other hospitals and healthcare systems across the nation, spanning cyber, professional lines and workers' compensation coverage.
• Healthcare Management Liability National, exclusive program offering D&O liability, employment practices liability, and cyber liability coverage for providers of healthcare services.
• Flood Solutions (Primary & Excess) Flood insurance solutions for retail agents and brokers covering both primary and excess flood across all flood zones, including NFIP equivalent and higher limit policies inclusive of Pre-FIRM, 'A', and 'V' zone risks.
• MyAgency Digital platform offered by Amwins Admitted Placement Services to appointed APS agents for submitting applications to APS production teams and accessing digital carrier partners for micro and small business insurance solutions, including EZLynx comparative rater integration.
• Amwins Claims In-house claim advocates that help resolve coverage disputes, service issues, valuation discrepancies, and payment challenges across all Amwins divisions and product lines.

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability12 records

Feature8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• CRC Group: Large U.S. wholesale insurance brokerage and MGA platform backed by Stone Point Capital and Hellman & Friedman, with comparable specialty brokerage and underwriting programs across property, casualty and professional lines. CRC is the closest direct competitor to Amwins Brokerage in scale and product mix.
• Burns & Wilcox: Wholesale brokerage and MGA arm of the H.W. Kaufman Group, providing specialty and surplus lines placement across property, casualty, professional lines and personal lines. Burns & Wilcox competes head-to-head with Amwins Brokerage and Amwins Access in the U.S. wholesale market.
• Risk Placement Services (RPS): Wholesale insurance distributor and managing general agent owned by Arthur J. Gallagher, offering specialty placement across personal and commercial lines. RPS is a direct peer to Amwins Brokerage and Amwins Underwriting, particularly in professional and personal lines.
• Bridge Specialty Group: National specialty insurance platform combining wholesale brokerage and binding authority across property, casualty, professional lines and personal lines. Competes directly with Amwins Brokerage and Amwins Access across multiple specialty verticals.

Broad incumbents

• AssuredPartners: Large PE-backed (GTCR, Stone Point) retail and wholesale insurance broker with national scale. Overlaps with Amwins in wholesale distribution and specialty programs but is broader in retail brokerage services.
• Acrisure: Privately held, PE-backed insurance broker (HGGC, Blackstone, Centerbridge) with broad retail, wholesale and specialty capabilities. Competes with Amwins for M&A targets and producer talent across the U.S. specialty distribution space.
• Hub International: Large PE-backed insurance broker (Hellman & Friedman, Morgan Stanley Capital Partners) with substantial specialty and wholesale brokerage operations. Overlaps with Amwins across specialty lines and benefits while operating a broader retail brokerage model.
• Arthur J. Gallagher & Co. Public global insurance broker owning Risk Placement Services and a large specialty/wholesale platform. Competes with Amwins Brokerage, Amwins Underwriting and Amwins Global Risks across most specialty lines.
• Truist Insurance Holdings: Subsidiary of Truist Financial Corporation operating a large specialty insurance distribution platform including wholesale brokerage and underwriting. Competes with Amwins across commercial specialty and benefits distribution.

Others

• Steadfast Group: Australian insurance broker network currently subject to an A$7.7B indicative bid from Amwins and Dragoneer. Closely comparable business model (broker network + underwriting agencies) and a leading indicator of Amwins' APAC ambitions if the acquisition closes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/amwins
• LinkedInlinkedin.com/company/amwins-group
• Instagraminstagram.com/amwinsgroupinc
• Xx.com/AmWINS

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries27 records

Funding overview

Funding rounds18 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A24 records

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AmWINS