Posted on 04 Sep 2012 by Neilson
AmWINS Group, Inc. (“AmWINS”) announced today that it has acquired Special Markets Insurance Consultants, Inc. (“Smic”).
Founded in 1985 by Nora Stransky, Smic is a niche Managing General Underwriter providing student accident medical, catastrophe medical, general liability and related insurance programs for elementary and secondary schools, colleges, youth groups, church groups, recreational programs and sports-related associations across the United States.
“We are very excited to welcome the Smic team to the AmWINS family,” said M. Steven DeCarlo, CEO of AmWINS. “Their product expertise and distribution relationships are a perfect fit with our specialty focus and diversification strategy.”
Smic’s CEO, Kim Walker, acquired the organization in 2005 and will continue to lead the Managing General Underwriter, along with Nora Stransky. Smic is headquartered in Stevens Point, Wisconsin with a sales office in Chicago, Illinois.
“Partnering with AmWINS is a logical evolution for Smic,” said Walker. “AmWINS’ culture, distribution model and focus on expertise will help us to expand our market share and better serve our clients and markets.”
Terms of the transaction were not disclosed.
About AmWINS Group, Inc.
AmWINS Group, Inc. (www.amwins.com) is a leading specialty distributor of insurance products and services with expertise across a diversified mix of property, casualty and group benefits products. With over 2,500 employees located in 18 countries, AmWINS handles over $7 billion in premium annually through our four divisions: Brokerage, Underwriting, Group Benefits and International.