|[October 09, 2013]
AmWINS Group, Inc. Strengthens Positioning Among N.C. Private Companies
CHARLOTTE, N.C. --(Business Wire)--
AmWINS Group, Inc., a leading specialty wholesale insurance distributor,
has been included among the Top 15 private companies in North Carolina,
according to the N.C. Top 100, an annual ranking by Grant Thornton (News - Alert) that
ranks the state's largest private companies.
AmWINS is ranked No. 14 in the 2013 compilation, continuing a trend that
has shown the Charlotte-based company making a steady climb among the
rankings in each of the four years it has participated in the survey
since 2010. Previous AmWINS Group rankings among the N.C. Top 100 have
been: 16 (2012); 22 (2011); 23 (2010).
"We think there's room for improvement and a better way to do things in
every part of our business, and I'm proud that our steady, stable growth
is reflected in this list over the last four years, during what has
arguably been one of the most tumultuous and volatile economic periods
in recent history," said M. Steven DeCarlo, CEO of AmWINS Group. "A lot
of our success is due to the culture we have instilled here, which in
turn allows us to attract the best local and regional talent and provide
great products and service, which is crucial regardless of what industry
or business you'r in."
Each of the Top 14 companies included in the 2013
rankings generated $500 million or more in revenue, greater than 89
percent of the other private companies included in the N.C. Top 100.
The rankings, which are based on revenue from the latest fiscal year,
have been compiled by Grant Thornton for more than 25 years. Inclusion
is voluntary and companies must be headquartered in North Carolina to be
considered. Results are included in the October issue of Business
North Carolina magazine and do not include nonprofits, financial
services organizations or health care companies.
"It's great to be recognized among the most successful private companies
in our state, and we are equally proud of our role as a leader in our
industry and our community," DeCarlo said.
AmWINS Group, Inc. ("AmWINS") has been a leader in the wholesale
insurance industry since its formation in 1998. The firm is
headquartered in Charlotte, North Carolina and has 90 locations across
18 countries, including 60 in the United States. The firm has expertise
across a diversified mix of property, casualty and group benefits
products. AmWINS also offers value-added services to support some of
these products, including product development, underwriting, premium and
claims administration and actuarial services.
With more than 2,800 employees, AmWINS is an amalgamation of 30+
wholesale brokerage, underwriting and group benefit operations which
have been acquired over the course of 12 years. The firm currently
receives more than 250,000 submissions a year from retail insurance
agents across the United States. More than $8.7 billion in premium
placements makes AmWINS the second largest wholesale broker in the U.S.
as ranked by Business Insurance magazine. AmWINS has extensive
relationships with more than 17,000 retail insurance brokerage firms and
more than 1,500 insurance underwriting firms.
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