Amwins Group has signed a definitive agreement to acquire the equine and canine specialty insurance provider Equisure.
Terms of the transaction were not disclosed.
The deal, expected to close sometime later this month, further positions Amwins as the industry’s largest and most diversified specialty distribution firm, it says. Once the deal closes, Equisure’s clients can still expect a “continued high level of service,” with access to a broader suite of markets, products, and tools, a release said.
“The addition of Equisure will extend our underwriting division’s capabilities to a new, highly specialized segment of the market,” said Amwins CEO Scott Purviance. “We are excited to partner with such a long-standing, well-respected program and look forward to working with Diane and her team to deliver equine and canine insurance solutions to our clients.”
“We are proud of the program we have built over the past 30 years and are excited to start this next chapter as part of the Amwins family,” added Equisure president Diane Lesher. “This relationship will help expand our reach and share our passion with more customers and markets.”
The Equisure deal comes just a month after Amwins closed its acquisition of wholesale broker Worldwide Facilities. Headquartered in Los Angeles, Worldwide Facilities has over 35 offices across the US and wrote nearly $2 billion in gross premiums in 2020.
