Posted on 16 Mar 2012
Wholesaler AmWins Group isn’t looking to be acquired, notwithstanding reports that indicate it is looking for a buyer.
“AmWins is not for sale,” Steve DeCarlo, chief executive officer, said in an emailed statement. “It is simply recapitalizing, that is part of a normal life cycle of a private equity-funded business.”
Charlotte, N.C.-based AmWins handles more than $6.7 billion premium placements, which makes it the largest wholesale broker in the U.S, according to its website.